Question

Suppose that $10,000 is invested at continuous rate r and grows to$17,160 in 9 years. Find the interest rate r.

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Answered 7 months ago
Answered 7 months ago
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It is given that $10,000\$10,000 is invested at rr compounded continuously and it grows to $17,160\$17,160 in 99 years.

The goal of this task is to find the interest rate rr.

Can we use any formula for the future value if the interest is compounded continuously?

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