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Jackson is going to invest $33,000 and leave it in an account for 20 years. Assuming the interest is compounded continuously, what interest rate, to the nearest tenth of a perce…

Jackson is going to invest $33,000 and leave it in an account for 20 years. Assuming the interest is compounded continuously, what interest rate, to the nearest tenth of a perce…
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Jackson is going to invest $33,000 and leave it in an account for 20 years. Assuming the interest is compounded continuously, what interest rate, to the nearest tenth of a percent, would be required in order for Jackson to end up with $133,000?

User Ali Ent
by
8.2k points

1 Answer

3 votes

Answer:

7%

Explanation:

User Fahmiduldul
by
6.9k points
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