Question

What annual rate with continuous compounding would be required for a debt of $1,767 to grow into $3,085 in 16.6 years? In this question, you will need to solve for r in FV = PV * e^(rt). Start by dividing both sides by PV. Then use logarithms to "bring down" the exponent. Round your answer to the nearest tenth of a percent.

Name: what annual rate with continuous compounding would be required for a debt of 1767 to grow into 3085 in 166 years in this question you will need to solve for r in fv pv ert start by dividing 46482
Uploaded: 2022-04-26T13:59:09-08:00
Duration: 3 min 32 s
Channel: Madhur L
Description: what annual rate with continuous compounding would be required for a debt of 1767 to grow into 3085 in 166 years in this question you will need to solve for r in fv pv ert start by dividing 46482

          What annual rate with continuous compounding would be required for a debt of $1,767 to grow into $3,085 in 16.6 years?
In this question, you will need to solve for r in FV = PV * e^(rt). Start by dividing both sides by PV. Then use logarithms to "bring down" the exponent.
Round your answer to the nearest tenth of a percent.

Added by Shelley C.

Elementary and Intermediate Algebra

Alan S. Tussy, R. David Gustafson 5th Edition

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Solved by Expert Madhur L

04/26/2022

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What annual rate with continuous compounding would be required for a debt of $1,767 to grow into $3,085 in 16.6 years? In this question, you will need to solve for r in FV = PV * e^(rt). Start by dividing both sides by PV. Then use logarithms to "bring down" the exponent. Round your answer to the nearest tenth of a percent.