Find the interest rate needed for an investment of $6,000 to grow to an amount of $7,000 in 3 year(s) if interest is compounded continuously. Round your answer to two decimal places.
A) 5.28% per year
B) 5.35% per year
C) 5.14% per year
D) 5.42% per year
E) 5.21% per year

Question

Find the interest rate needed for an investment of $6,000 to grow to an amount of $7,000 in 3 year(s) if interest is compounded continuously. Round your answer to two decimal places. ​
A) 5.28% per year
B) 5.35% per year
C) 5.14% per year
D) 5.42% per year
E) 5.21% per year

Quizplus · Accepted Answer

The Answer of Find the interest rate needed for an investment of $6,000 to grow to an amount of $7,000 in 3 year(s) if interest is compounded continuously. Round your answer to two decimal places. ​
A) 5.28% per year
B) 5.35% per year
C) 5.14% per year
D) 5.42% per year
E) 5.21% per year

Find the Interest Rate Needed for an Investment of $6,000