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Juan is going to invest $1,700 and leave it in an account for 14 years. Assuming the interest is compounded continuously, what interest rate, to the nearest tenth of a percent, …

Juan is going to invest $1,700 and leave it in an account for 14 years. Assuming the interest is compounded continuously, what interest rate, to the nearest tenth of a percent, …
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Juan is going to invest $1,700 and leave it in an account for 14 years. Assuming the interest is compounded continuously, what interest rate, to the nearest tenth of a percent, would be required in order for Juan to end up with $3,700?

asked
User Karlene
by
7.7k points

1 Answer

1 vote

Answer:

5.6 percent

Explanation:

because

answered
User Rohit Kaushik
by
7.9k points
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