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3 December, 17:00

Use the formula for continuously compounded interest, A = Pert, to find the annual interest rate for an $8000 investment that earns $410.17 in one year.

a. 7%

b. 6%

c. 5%

d. 4%

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Answers (2)
  1. 3 December, 17:13
    0
    C 5%

    Step-by-step explanation:

    I hope this is what you need
  2. 3 December, 17:26
    0
    c 5%

    Step-by-step explanation:

    8000 + 410.7 = 8000 e^ (r)

    e^r = 1.05127125

    r lne = ln1.05127125

    r = 0.05006316309 * 100

    5%
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