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Adam is going to invest $23,000 and leave it in an account for 19 years. Assuming the interest is compounded continuously, what interest rate, to the nearest tenth of a percent,…

Adam is going to invest $23,000 and leave it in an account for 19 years. Assuming the interest is compounded continuously, what interest rate, to the nearest tenth of a percent,…
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Adam is going to invest $23,000 and leave it in an account for 19 years. Assuming the interest is compounded continuously, what interest rate, to the nearest tenth of a percent, would be required in order for Adam to end up with $51,000?

User Bucko
by
9.1k points

2 Answers

7 votes

Answer:4.2

Explanation:

User Nsandersen
by
7.9k points
3 votes

Answer:4.2

Explanation:

4.19122

User Calloway
by
8.0k points
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