Raymond B. answered • 04/26/23
Tutor
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(2)
Math, microeconomics or criminal justice
2=e^9r
2000=Pe^10r
1000=Pe
P=1000/e= about $367.88= initial amount
ln2=9r
r= ln2/9= about 7.7%
Brianna F.
asked • 11/18/22Continuously Compounded Interest
Find the missing values assuming continuously compounded interest. (Round your answers to two decimal places.)
Initial Investment-?
Annual % Rate- ?
Time to Double- 9 Years
Amount after 10 years- $2000.00
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