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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asked Feb 5, 2022 116k views

1 vote

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?

Mathematics
high-school

Moreno asked

by Moreno

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2 Answers

4 votes

Answer:

6.6%

Explanation:

Adam Ritenauer answered Feb 6, 2022

by Adam Ritenauer

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5 votes

Answer:

Explanation:

Antonius Common answered Feb 10, 2022

by Antonius Common

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