Suppose that $1000 is initially invested in an account at a fixed interest rate, compounded continuously. Suppose also that, after four years, the amount of
money in the account is $1149. Find the interest rate per year.
Write your answer as a percentage. Do not round any intermediate computations, and round your percentage to the nearest hundredth.

HELP ME PLEASE I GOT 5 ASSIGNMENTS LEFT IM REALLY STRESSED

Question

07-02-2022
Mathematics

Answered

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Suppose that $1000 is initially invested in an account at a fixed interest rate, compounded continuously. Suppose also that, after four years, the amount of
money in the account is $1149. Find the interest rate per year.
Write your answer as a percentage. Do not round any intermediate computations, and round your percentage to the nearest hundredth.

HELP ME PLEASE I GOT 5 ASSIGNMENTS LEFT IM REALLY STRESSED

Sagot :

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