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Ella is going to invest $18,000 and leave it in an account for 8 years. Assuming til interest is compounded continuously, what interest rate, to the nearest hundredth of a percent, would be required in
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Ella is going to invest $18,000 and leave it in an account for 8 years. Assuming til

interest is compounded continuously, what interest rate, to the nearest hundredth of
a percent, would be required in order for Ella to end up with $22,000?

User Mariangeli
by
4.0k points

2 Answers

1 vote

Answer:

90

Explanation:

User Takharsh
by
4.3k points
1 vote

Answer:2.51

Explanation:

User Marjanbaz
by
3.9k points
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