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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,…

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,…
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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?

User Moreno
by
8.5k points

2 Answers

4 votes

Answer:

6.6%

Explanation:

User Adam Ritenauer
by
8.0k points
5 votes

Answer:

Explanation:

User Antonius Common
by
7.9k points
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