Find the interest rate needed for an investment of $5,000 to grow to an amount of $7,000 in 4 year(s) if interest is compounded continuously.
A) 8.55% per year
B) 8.41% per year
C) 8.48% per year
D) 8.62% per year
E) 8.69% per year

Question

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The Answer of Find the interest rate needed for an investment of $5,000 to grow to an amount of $7,000 in 4 year(s) if interest is compounded continuously.
A) 8.55% per year
B) 8.41% per year
C) 8.48% per year
D) 8.62% per year
E) 8.69% per year

Find the Interest Rate Needed for an Investment of $5,000