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William is going to invest $400 and leave it in an account for 8 years. Assuming the interest is compounded continuously, what interest rate, to the nearest hundredth of a perce…

William is going to invest $400 and leave it in an account for 8 years. Assuming the interest is compounded continuously, what interest rate, to the nearest hundredth of a perce…
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William is going to invest $400 and leave it in an account for 8 years. Assuming the interest is compounded continuously, what interest rate, to the nearest hundredth of a percent, would be required in order for William to end up with $460?

User Jan Gutvirth
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8.1k points

1 Answer

3 votes

Answer:

1.75%

Explanation:

William is going to invest $400 and leave it in an account for 8 years. Assuming the-example-1
User Camembert
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