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Avery is going to invest $270 and leave it in an account for 20 years. Assuming the interest is compounded continuously, what interest rate, to the nearest hundredth of a percen…

Avery is going to invest $270 and leave it in an account for 20 years. Assuming the interest is compounded continuously, what interest rate, to the nearest hundredth of a percen…
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Avery is going to invest $270 and leave it in an account for 20 years. Assuming the interest is compounded continuously, what interest rate, to the nearest hundredth of a percent, would be required in order for Avery to end up with $600?

User Berrin
by
8.5k points

2 Answers

3 votes

Answer:

50

Explanation:

hhh

User Taraf
by
7.7k points
2 votes

Answer:

3.99%

Explanation:

Avery is going to invest $270 and leave it in an account for 20 years. Assuming the-example-1
User Igor Kvasha
by
9.1k points
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