Mathematics, 18.03.2021 03:30 snikergrace

Caroline is going to invest $5,500 and leave it in an account for 10 years. Assuming the interest is compounded continuously, what interest rate, to the nearest tenth of a
percent, would be required in order for Caroline to end up with $10,100?

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Caroline is going to invest $5,500 and leave it in an account for 10 years. Assuming the interest is compounded continuously, what interest rate, to the nearest tenth of a percent, would be required in order for Caroline to end up with $10,100?

Answers

Another question on Mathematics

Caroline is going to invest $5,500 and leave it in an account for 10 years. Assuming the interest is compounded continuously, what interest rate, to the nearest tenth of a
percent, would be required in order for Caroline to end up with $10,100?