The initial investment in a savings account in which interest is compounded continuously is $803. If the time required to double the amount is years, what is the annual rate? Round your answer to two decimal places.
A) 7.30 %
B) 7.70 %
C) 13.71 %
D) 6.10 %
E) 8.70 %

Question

The initial investment in a savings account in which interest is compounded continuously is $803. If the time required to double the amount is  years, what is the annual rate? Round your answer to two decimal places. ​
A) 7.30 % 
B) 7.70 % 
C) 13.71 % 
D) 6.10 % 
E) 8.70 % ​

Quizplus · Accepted Answer

The Answer of The initial investment in a savings account in which interest is compounded continuously is $803. If the time required to double the amount is  years, what is the annual rate? Round your answer to two decimal places. ​
A) 7.30 % 
B) 7.70 % 
C) 13.71 % 
D) 6.10 % 
E) 8.70 % ​

The Initial Investment in a Savings Account in Which Interest