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Question
Suppose that $10,000 is invested at continuous rate r and grows to$17,160 in 9 years. Find the interest rate r.
Solution
VerifiedAnswered 7 months ago
Answered 7 months ago
Step 1
1 of 5It is given that is invested at compounded continuously and it grows to in years.
The goal of this task is to find the interest rate .
Can we use any formula for the future value if the interest is compounded continuously?
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