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Joshua is going to invest $9,000 and leave it in an account for 5 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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23 votes
23 votes
Joshua is going to invest $9,000 and leave it in an account for 5 years. Assuming the

interest is compounded continuously, what interest rate, to the nearest tenth of a
percent, would be required in order for Joshua to end up with $12,500?

User Delixfe
by
2.6k points

2 Answers

20 votes
20 votes

Answer:

6.6%

Explanation:

User Samsquanch
by
3.2k points
29 votes
29 votes

Answer:

Explanation:

User LiJung
by
2.6k points
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