Solve the exponential equation $100,000 = 50,000 e ^ { 25 r }$ for r to determine the interest rate required for an investment of $50,000 to double in value when compounded continuously for 25 years. Round your answer to one decimal place.
A)2.5%
B)3.9%
C)6.4%
D)2.8%
E)none of these

Question

Quizplus · Accepted Answer

The Answer of Solve the exponential equation $100,000 = 50,000 e ^ { 25 r }$ for r to determine the interest rate required for an investment of $50,000 to double in value when compounded continuously for 25 years. Round your answer to one decimal place.
A)2.5%
B)3.9%
C)6.4%
D)2.8%
E)none of these

Solve the Exponential Equation 100,000=50,000e25r100,000 = 50,000 e ^ { 25 r }100,000=50,000e25r

Solve the Exponential Equation $100,000 = 50,000 e ^ { 25 r }$