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Logan is going to invest $61,000 and leave it in an account for 20 years. Assuming the interest is compounded continuously, what interest rate, to the nearest hundredth of a percent, would be required
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Logan is going to invest $61,000 and leave it in an account for 20 years. Assuming

the interest is compounded continuously, what interest rate, to the nearest
hundredth of a percent, would be required in order for Logan to end up with
$103,000?

User LastFreeNickname
by
7.3k points

2 Answers

4 votes

Answer:

its 2.62

Explanation:

User Tarantula
by
7.8k points
2 votes

Answer:

its 2.62

Explanation:

User Paradigmatic
by
7.3k points
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