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David is going to invest $290 and leave it in an account for 15 years. Assuming the interest is compounded continuously, what interest rate, to the nearest hundredth of a percent, would be required in
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David is going to invest $290 and leave it in an account for 15 years.

Assuming the interest is compounded continuously, what interest rate,
to the nearest hundredth of a percent, would be required in order for
David to end up with $570?

User Mgroat
by
8.7k points

1 Answer

4 votes
4.5%. if you want the steps go to a website called calculator soup.
User Bitten
by
8.2k points
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