Question

Felix invested $10,000 into a retirement account in 2010. He then projected the amount of money that would be in the account for several years assuming that the interest will compound continuously at an annual rate. Later, when he looked back at the data, he could not recall the annual he used for the projections. Use the data below to determine the annual rate as a percent. (Remember use A=Pert for continuous interest problems where P=initial amount invested, r is the interest rate as a decimal and t is the time in years).

Answer 1

Answer:

0.068% or 6.8% this will be your final answer