Ask your own question, for FREE!
Statistics 7 Online
OpenStudy (anonymous):

See attachment for Q.

OpenStudy (anonymous):

OpenStudy (anonymous):

No, Continuous Compounding Interest A = P e^ (r t)

OpenStudy (anonymous):

so it's\[17,177=11,300e ^{72r}\]?

OpenStudy (anonymous):

ok so first i divide 17,177 by 11,300?

OpenStudy (anonymous):

Just input into your calculator: r = ln ( 17,177/ 11,300) / 72

OpenStudy (anonymous):

@Chlorophyll i did that but it keeps coming out as 5.816229916×10^-3. So does r=0.05?

OpenStudy (anonymous):

r = 0.05816 => 5.82 %

Can't find your answer? Make a FREE account and ask your own questions, OR help others and earn volunteer hours!

Join our real-time social learning platform and learn together with your friends!
Can't find your answer? Make a FREE account and ask your own questions, OR help others and earn volunteer hours!

Join our real-time social learning platform and learn together with your friends!