
Mark M. answered 10/26/18
Tutor
5.0
(278)
Mathematics Teacher - NCLB Highly Qualified
0.64 = e7r
ln 0.64 = 7r
Can you solve for r and answer?
Sasha R.
asked 10/26/18What annual interest rate is required for a debt to grow by 64% in 7 years if interest compounds continuously?
Round your answer to the nearest tenth of a percent.
Mark M. answered 10/26/18
Mathematics Teacher - NCLB Highly Qualified
0.64 = e7r
ln 0.64 = 7r
Can you solve for r and answer?
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Sasha R.
9.1%?10/26/18