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Sung Lee invests $3,000 at age 18. He hopes the investment will be worth $9,000 when he turns 25. If the interest compounds continuously, approximately what rate of growth will he need to achieve his goal?
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Sung Lee invests $3,000 at age 18. He hopes the investment will be worth $9,000 when he turns 25. If the interest compounds continuously, approximately what rate of growth will he need to achieve his goal? Round to the nearest tenth of a percent.​

User Manmohan Pal
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1 Answer

3 votes

Answer:

.169

Explanation:

I hoped I helped you solve sorry if I'm wrong

User Roblovelock
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