The initial investment in a savings account in which interest is compounded continuously is $775.If the time required to double the amount is years,what is the annual rate? Round your answer to two decimal places.
A)9.24 %
B)9.90 %
C)10.82 %
D)8.04 %
E)10.64 %

Question

The initial investment in a savings account in which interest is compounded continuously is $775.If the time required to double the amount is  years,what is the annual rate? Round your answer to two decimal places. ​
A)9.24 % 
B)9.90 % 
C)10.82 % 
D)8.04 % 
E)10.64 %

Quizplus · Accepted Answer

The Answer of The initial investment in a savings account in which interest is compounded continuously is $775.If the time required to double the amount is  years,what is the annual rate? Round your answer to two decimal places. ​
A)9.24 % 
B)9.90 % 
C)10.82 % 
D)8.04 % 
E)10.64 %

The Initial Investment in a Savings Account in Which Interest