Penelope is going to invest $23,000 and leave it in an account for 11 years. Assuming
the interest is compounded continuously, what interest rate, to the nearest tenth of a
percent, would be required in order for Penelope to end up with $41,000?

Question

05-03-2021
Mathematics

Answered

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Penelope is going to invest $23,000 and leave it in an account for 11 years. Assuming
the interest is compounded continuously, what interest rate, to the nearest tenth of a
percent, would be required in order for Penelope to end up with $41,000?

Sagot :

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