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Aaron is going to invest $560 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
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Aaron is going to invest $560 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 Aaron to end up with $640?

User Okky
by
4.8k points

1 Answer

11 votes

Answer:

1.67%

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User Hfimy
by
4.4k points
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