Use the continuous compound interest formula to find the indicated value.
A=$16,142; P=$12,200; t=36 months; r=?

r=__________%
(Round to three decimal places as needed.)

Question

Use the continuous compound interest formula to find the indicated value.A=​$16,142​; P=​$12,200​; t=36 ​months; r=​?r=__________​%​(Round to three decimal places as​ needed.)

Mark M. · Accepted Answer

16142 = 12200e36t1.323114754 = e36tln 1.323114754 ≈ 36t

Use the continuous compound interest formula to find the indicated value. A=$16,142; P=$12,200; t=36 months; r=?

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Use the continuous compound interest formula to find the indicated value. A=​$16,142​; P=​$12,200​; t=36 ​months; r=​?