Mathematics, 15.02.2021 17:50 Gearyjames8

Ella is going to invest $18,000 and leave it in an account for 8 years. Assuming the interest is compounded continuously, what interest rate, to the nearest hundredth of
a percent, would be required in order for Ella to end up with $22,000?

Answers: 2

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Ella is going to invest $18,000 and leave it in an account for 8 years. Assuming the interest is co...

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Ella is going to invest $18,000 and leave it in an account for 8 years. Assuming the interest is compounded continuously, what interest rate, to the nearest hundredth of a percent, would be required in order for Ella to end up with $22,000?

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Another question on Mathematics

Ella is going to invest $18,000 and leave it in an account for 8 years. Assuming the interest is compounded continuously, what interest rate, to the nearest hundredth of
a percent, would be required in order for Ella to end up with $22,000?