The initial investment in a savings account in which interest is compounded continuously is $813. If the time required to double the amount is years, what is the annual rate? Round your answer to two decimal places.
A) 7.49 %
B) 7.70 %
C) 13.34 %
D) 6.29 %
E) 8.89 %

Question

The initial investment in a savings account in which interest is compounded continuously is $813. If the time required to double the amount is  years, what is the annual rate? Round your answer to two decimal places.
A) 7.49 % 
B) 7.70 % 
C) 13.34 % 
D) 6.29 % 
E) 8.89 %

Quizplus · Accepted Answer

The Answer of The initial investment in a savings account in which interest is compounded continuously is $813. If the time required to double the amount is  years, what is the annual rate? Round your answer to two decimal places.
A) 7.49 % 
B) 7.70 % 
C) 13.34 % 
D) 6.29 % 
E) 8.89 %

The Initial Investment in a Savings Account in Which Interest