An initial investment of $200 is worth $315.24 after seven years of continuous compounding. Find the interest rate.

Question

asked Feb 5, 2022 106k views

1 Answer

RarrRarrRarr · Answer 1 · 2022-02-10T19:08:47+0000

Answer:

16.46

Explanation:

subtract 315.24-200=115.24

then divide 115.24 and 7 to see what you get each year which is 16.46 rounded not rounded id 16.462857143.