The initial investment in a savings account in which interest is compounded continuously is $813.If the time required to double the amount is years, what is the annual rate?
Round your answer to two decimal places.
A)7.49 %
B)7.70 %
C)13.34 %
D)6.29 %
E)8.89 %

Question

The initial investment in a savings account in which interest is compounded continuously is $813.If the time required to double the amount is  years, what is the annual rate?
Round your answer to two decimal places.
A)7.49 % 
B)7.70 % 
C)13.34 % 
D)6.29 % 
E)8.89 %

Quizplus · Accepted Answer

The Answer of The initial investment in a savings account in which interest is compounded continuously is $813.If the time required to double the amount is  years, what is the annual rate?
Round your answer to two decimal places.
A)7.49 % 
B)7.70 % 
C)13.34 % 
D)6.29 % 
E)8.89 %

The Initial Investment in a Savings Account in Which Interest