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Penelope is going to invest $23,000 and leave it in an account for 11 years. Assuming the interest is compounded continuously, what interest rate, to the nearest tenth of a percent, would be required in
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Penelope is going to invest $23,000 and leave it in an account for 11 years. Assuming the interest is compounded continuously, what interest rate, to the nearest tenth of a percent, would be required in order for Penelope to end up with $41,000?

User Romz
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6 votes

Answer:

5.3%

Step-by-step explanation: answer fo

r delta math

User Avisek Chakraborty
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