$20,000 that was invested in 1990 was worth $147,740 in 2000. What annual interest rate did the investment earn in that 10 year period? Assume continuous compounding.
A) 119.03%
B) 12.02%
C) 99.03%
D) 20.00%

Question

Quizplus · Accepted Answer

The Answer of $20,000 that was invested in 1990 was worth $147,740 in 2000. What annual interest rate did the investment earn in that 10 year period? Assume continuous compounding.
A) 119.03%
B) 12.02%
C) 99.03%
D) 20.00%

$20,000 That Was Invested in 1990 Was Worth $147,740 in 2000