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Peyton is going to invest $9,700 and leave it in an account for 16 years. Assuming the interest is compounded continuously, what interest rate, to the nearest tenth of a percent, would be required in order
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Peyton is going to invest $9,700 and leave it in an account for 16 years. Assuming the interest is compounded continuously, what interest rate, to the nearest tenth of a percent, would be required in order for Peyton to end up with $14,100?

User Gopichandar
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9 votes

Answer: r ≈ 2.3%

Explanation:

User Miroslav Ligas
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