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Adam is going to invest $23,000 and leave it in an account for 19 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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8 votes
8 votes
Adam is going to invest $23,000 and leave it in an account for 19 years. Assuming the interest is compounded continuously, what interest rate, to the nearest tenth of a percent, would be required in order for Adam to end up with $51,000?

User Schellsan
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3.4k points

2 Answers

8 votes
8 votes

Answer:4.2

Explanation:

User Berkay Berabi
by
2.6k points
18 votes
18 votes

Answer:4.2

Explanation:

4.19122

User Donquijote
by
3.2k points
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