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Ella is going to invest $18,000 and leave it in an account for 8 years. Assuming til interest is compounded continuously, what interest rate, to the nearest hundredth of a percent, would be required in
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9 votes
9 votes
Ella is going to invest $18,000 and leave it in an account for 8 years. Assuming til

interest is compounded continuously, what interest rate, to the nearest hundredth of
a percent, would be required in order for Ella to end up with $22,000?

User Fakhriddin Abdullaev
by
3.0k points

2 Answers

8 votes
8 votes

Answer:

90

Explanation:

User Frederik Prijck
by
3.2k points
14 votes
14 votes

Answer:2.51

Explanation:

User Daiki
by
2.9k points
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