Solve the problem.
-At what interest rate would a deposit of $20,000 grow to $29,836 in 25 years with continuous compounding? Round to the nearest tenth when necessary.
A) 1.6%
B) 4.6%
C) 2.6%
D) -0.4%

Question

Quizplus · Accepted Answer

The Answer of Solve the problem.
-At what interest rate would a deposit of $20,000 grow to $29,836 in 25 years with continuous compounding? Round to the nearest tenth when necessary.
A) 1.6%
B) 4.6%
C) 2.6%
D) -0.4%

Solve the Problem. -At What Interest Rate Would a Deposit of $20,000 Grow