Register

An initial investment of $5000 doubles in value in 6.3 years. assuming continuous compounding, what was the interest rate? round to the nearest tenth of a percent.

An initial investment of $5000 doubles in value in 6.3 years. assuming continuous compounding, what was the interest rate? round to the nearest tenth of a percent.
asked 56.5k views
5 votes
An initial investment of $5000 doubles in value in 6.3 years. assuming continuous compounding, what was the interest rate? round to the nearest tenth of a percent.

asked
User ChaseTheSun
by
8.1k points

1 Answer

3 votes

Answer:

11%

Explanation:

Hopes this help. This is the right answer I hope you like it

answered
User Clarence Klopfstein
by
8.0k points
← Prev Question Next Question →

Related questions

Ask a Question
Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.

Categories

Other Questions

How do you can you solve this problem 37 + y = 87; y =
How do you estimate of 4 5/8 X 1/3
A bathtub is being filled with water. After 3 minutes 4/5 of the tub is full. Assuming the rate is constant, how much longer will it take to fill the tub?
Link Copied!