A savings account starts with $312.50. After 9 years of continuous compounding at an interest rate, r, the account has $1250. What is the interest rate percentage? Round the answer to the nearest hundredth.
A savings account starts with $312.50. After 9 years of continuous compounding at an interest rate, r, the account has $1250. What is the interest rate percentage? Round the answer to the nearest hundredth.
Holt Mcdougal Larson Pre-algebra: Student Edition 2012
1st Edition
ISBN:9780547587776
Author:HOLT MCDOUGAL
Publisher:HOLT MCDOUGAL
ChapterCSR: Contents Of Student Resources
Section: Chapter Questions
Problem 7.36EP
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What is the interest rate percentage? Round the answer to the nearest hundredth
Transcribed Image Text:A savings account starts with $312.50. After 9
years of continuous compounding at an interest
rate, r, the account has $1250.
What is the interest rate percentage?
Round the answer to the nearest hundredth.
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