Thor invests $3000 in an account, with interest compounded continuously. If his investment doubles in value after 7.2 years, what interest rate is he earning? [Use the formla A = Pert and round answer to the nearest tenth.]
A) 8.5%
B) 9.6%
C) 12.3%
D) 14.0%
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Home » Mathematics » Thor invests $3000 in an account, with interest compounded continuously. If his investment doubles in value after 7.2 years, what interest rate is he earning? [Use the formla A = Pert and round answer to the nearest tenth.] A) 8.5% B) 9.6% C) 12.