19 Five hundred dollars was invested in an account earning continuously compounded interest If the...

70.2K

Verified Solution

Question

Basic Math

image

19 Five hundred dollars was invested in an account earning continuously compounded interest If the investment grew to 1245 after 10 years what was the annual interest rate Find an expression for the exact interest rate and simplify as much as you can without using a calculator 20 One thousand dollars is deposited into an account earning continuously compounded interest If

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students