1/5t+2- =17 1/5t .1/5t T=
1 answer:
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Answer:
An yearly interest rate of 7.57% is needed to be for this to be possible.
Step-by-step explanation:
The amount of money after t years of continuous compounding is given by:
In which P(0) is the initial investment and r is the interest rate, as a decimal.
In this problem, we have that:
We have to find r.
An yearly interest rate of 7.57% is needed to be for this to be possible.