London is going to invest $8,800 and leave it in an account for 10 years. Assuming the interest is compounded continuously, what interest rate, to the nearest hundredth of a percent, would be required in order for London to end up with $13,400? ANSWER IS 0.042

cause it equals more

yes, gavin is right.

step-by-step explanation:

gavin is correct. 

this problem is about converting 9% per year to how many percent per quarter. the rate is still the same. it only differed in the time period. so, through dimensional analysis,

9% per year  × (1 year / 4 quarters) = 2.25% per quarter

if he was asked to convert 9% per year to how many percent per quarter  compounded quarterly, then you will not simply divide by four. this is because compounding is not linear.

hope this , have a good day. c;