Question

a) If Swimming borrowed $350,000 and had to pay back $357,070.47 after 2 years compounded continuously, what rate of interest did the now-dead Killjoy charge his ‘friend’?

Answer 1

HI!!

Answer 2

i guess you have to solve \[\large 357,000=350,000e^{2r}\] fro \(r\)

Answer 3

it takes three steps
do you know how to do it?
do you know where i got the equation from?

Answer 4

did ii lose you ?

Answer 5

still freaked out by precalc?

Answer 6

yes^