What is the annual interest rate compounded continuously of an initial investment of $5,000 which grew...

Question

Question

What is the annual interest rate compounded continuously of an initial investment of $5,000 which grew to $14,000 in 10 years?

business economics

Answer 1

Answer #1

for compounding Continuously A = pery Where Aspiral Value of investment p = initial investment re interest rak to tone (in ye

Answer 2

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