When the interest on an investment is compounded continuously, the investment grows at a rate that is proportional to the amount in the account. If $25,000 is invested (when ) and the amount in the account after 18 years is $46,940.26, find the interest rate on this investment? Round to one decimal place.
A) 3.0%
B) 3.5%
C) 4.0%
D) 4.5%
E) 5.0%

Question

When the interest on an investment is compounded continuously, the investment grows at a rate that is proportional to the amount in the account. If $25,000 is invested (when  ) and the amount in the account after 18 years is $46,940.26, find the interest rate on this investment? Round to one decimal place. ​
A) 3.0% 
B) 3.5% 
C) 4.0% 
D) 4.5% 
E) 5.0%

Quizplus · Accepted Answer

The Answer of When the interest on an investment is compounded continuously, the investment grows at a rate that is proportional to the amount in the account. If $25,000 is invested (when  ) and the amount in the account after 18 years is $46,940.26, find the interest rate on this investment? Round to one decimal place. ​
A) 3.0% 
B) 3.5% 
C) 4.0% 
D) 4.5% 
E) 5.0%

When the Interest on an Investment Is Compounded Continuously, the Investment