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Agata [3.3K]
3 years ago
14

Penelope is going to invest $23,000 and leave it in an account for 11 years. Assuming the interest is compounded continuously, w

hat interest rate, to the nearest tenth of a percent, would be required in order for Penelope to end up with $41,000?
Mathematics
1 answer:
madreJ [45]3 years ago
6 0

Answer:

5.3%

Step-by-step explanation: answer fo

r delta math

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now, there are 12 months in a year, so 18 months is really 18/12 of a year, thus

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If an experiment has N possible outputs, each with probability

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