Ask Question
2 July, 11:05

Determine the interest rate in order to Dublin investment in nine years assuming interest is compounded continuously

+5
Answers (1)
  1. 2 July, 11:08
    0
    Set up the equation 2P=Pe^9r since you are doubling your money in nine years and it is continuous interest. Divide everything by P, so 2=e^9r, then take the ln of each side so ln2=9r. Now divide by 9 to get your interest.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Determine the interest rate in order to Dublin investment in nine years assuming interest is compounded continuously ...” in 📗 Mathematics if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers