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Nora is going to invest $9,600 and leave it in an account for 8 years. Assuming the interest is compounded continuously, what interest rate, to the nearest hundredth of a percent, would be required in
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10 votes
Nora is going to invest $9,600 and leave it in an account for 8 years.

Assuming the interest is compounded continuously, what interest rate,
to the nearest hundredth of a percent, would be required in order for
Nora to end up with $14,400?

User Srph
by
8.2k points

2 Answers

13 votes
I think that she wouldn't end up with “$14,400” she would end up with $76,800 if you multiply.
User Yogus
by
8.5k points
12 votes

Answer:

The answer is 5.07%, I just did this :)

User Nhisyam
by
8.9k points
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