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3 years ago

6

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:

MA_775_DIABLO [31]3 years ago

7 0

Answer:

C 5%

Step-by-step explanation:

I hope this is what you need

ratelena [41]3 years ago

4 0

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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