jmet1403 jmet1403

22-03-2021
Mathematics

contestada

An initial investment of $200 is worth $315.24 after seven years of continuous compounding. Find the interest rate.

Respuesta :

kayleegonzalez988 kayleegonzalez988

22-03-2021

Answer:

16.46

Step-by-step explanation:

subtract 315.24-200=115.24

then divide 115.24 and 7 to see what you get each year which is 16.46 rounded not rounded id 16.462857143.

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