What interest rate is needed for an investment of 350 to be worth 1120 after 33 years if interest is compounded continuously? Enter your answer in decimal form and round to the nearest thousandth.

Solución

Solución

Rate : 3.52469 \dots %

Pasos de solución

Translate the problem into an equation:

1120 = 350 e^{r \cdot 33}

Resolver para

r, 1120 = 350 e^{r \cdot 33} : r = 3.52469 \dots %

Rate : 3.52469 \dots %

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What interest rate is needed for an investment of 350​​​​ to be worth ​​1120​​ after 33​​​ years if interest is compounded continuously? Enter your answer in decimal form and round to the nearest thousandth.

Solución

Solución

Ejemplos populares

What interest rate is needed for an investment of 350 to be worth 1120 after 33 years if interest is compounded continuously? Enter your answer in decimal form and round to the nearest thousandth.