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The Initial Investment in a Savings Account in Which Interest

Question 77

Multiple Choice

The initial investment in a savings account in which interest is compounded continuously is $775.If the time required to double the amount is 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 % 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 %

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