courtneynwoodp0iu6r courtneynwoodp0iu6r
  • 06-12-2017
  • Advanced Placement (AP)
contestada

Find the rate of annual interest compounded continuously earned on the investment. (Round your answer to two decimal places.) An investment grows from $100 to $170 in 30 months.

Respuesta :

qabtt
qabtt qabtt
  • 06-12-2017
Pe^{rt} = Compound interest formula
100e^{30r} = 170
e^{30r} = 17/10
30r = ln (17/10)
r = [ln (17/10)]/30
r = .02 = 2 percent
Answer Link

Otras preguntas

round 275,608 to the nearest thousand
What is 412.638 in fraction form
If your goal is to find a mentor who can help encourage you, which category would it fall into?
PLEASPLEPALEPALSEPALSE HELPPPPPPPPPPPP
True or false. The hopewell had trade plans From the Rocky Mountains to lake superior
After DNA is duplicated,what is it called?
What is 0.0000000734 estimated as the product of a single digit and a power of 10? ______*10^-------
Four students spent $12 on school lunch. At this rate find the amount 10 students would spend on the same school lunch.
How do the locations of earthquakes support the theory of plate tectonics
which of the following describes the role that enzymes play in the process of metabolism