Register

Emma is going to invest $5,300 and leave it in an account for 19 years. Assuming the interest is compounded continuously, what interest rate, to the nearest tenth of a percent, …

Emma is going to invest $5,300 and leave it in an account for 19 years. Assuming the interest is compounded continuously, what interest rate, to the nearest tenth of a percent, …
asked 158k views
7 votes
Emma is going to invest $5,300 and leave it in an account for 19 years. Assuming the interest is compounded continuously, what interest rate, to the nearest tenth of a percent, would be required in order for Emma to end up with $7,700?

asked
User Blunova
by
8.0k points

1 Answer

1 vote

Answer: r=2.0%

Explanation:

answered
User Suraj K Thomas
by
7.5k points
← Prev Question Next Question →

No related questions found

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 =
What is .725 as a fraction
How do you estimate of 4 5/8 X 1/3
Link Copied!