Use the formula for continuously compounded interest, A = Pert, to find the annual interest rate for an $8000 investment that ea
rns $410.17 in one year.
a. 7%
b. 6%
c. 5%
d. 4%
2 answers:
Answer:
C 5%
Step-by-step explanation:
I hope this is what you need
Answer:
c 5%
Step-by-step explanation:
8000 + 410.7 = 8000 e^(r)
e^r = 1.05127125
r lne = ln1.05127125
r = 0.05006316309 × 100
5%
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