Rachel's grandparents set up a 529 education plan for her when she was born 19 years ago. They deposited $5,000 which is now worth $ 60,000. If Rachel's money wascompounded Continuously, what was the rate of interest that she earned?

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02-12-2022
Mathematics

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Rachel's grandparents set up a 529 education plan for her when she was born 19 years ago. They deposited $5,000 which is now worth $ 60,000. If Rachel's money wascompounded Continuously, what was the rate of interest that she earned?

Sagot :

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Rachel's grandparents set up a 529 education plan for her when she was born 19 years ago. They deposited $5,000 which is now worth $ 60,000. If Rachel's money wascompounded Continuously, what was the rate of interest that she earned?​

Sagot :

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Rachel's grandparents set up a 529 education plan for her when she was born 19 years ago. They deposited $5,000 which is now worth $ 60,000. If Rachel's money wascompounded Continuously, what was the rate of interest that she earned?