Solve the problem.
-A $\$ 3,000$ bond grows to $\$ 4,475.47$ in 8 yr under continuous compounding. Find the interest rate. Round our answer to the nearest whole percent.
A) $8 \%$
B) $5 \%$
C) $7 \%$
D) $6 \%$

Question

Quizplus · Accepted Answer

The Answer of Solve the problem.
-A $\$ 3,000$ bond grows to $\$ 4,475.47$ in 8 yr under continuous compounding. Find the interest rate. Round our answer to the nearest whole percent.
A) $8 \%$
B) $5 \%$
C) $7 \%$
D) $6 \%$

Solve the Problem $3,000\$ 3,000$3,000 Bond Grows To $4,475.47\$ 4,475.47$4,475.47 In 8 Yr Under Continuous Compounding

Solve the Problem $\$ 3,000$ Bond Grows To $\$ 4,475.47$ In 8 Yr Under Continuous Compounding