Find the effective rate of interest for 11% compounded continuously. The effective rate of interest is %. (Round to three decimal places as needed.)

Holt Mcdougal Larson Pre-algebra: Student Edition 2012
1st Edition
ISBN:9780547587776
Author:HOLT MCDOUGAL
Publisher:HOLT MCDOUGAL
Chapter7: Percents
Section7.7: Simple And Compound Interest
Problem 20E
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Find the effective rate of interest for 11% compounded continuously.
The effective rate of interest is
%.
(Round to three decimal places as needed.)
Transcribed Image Text:Find the effective rate of interest for 11% compounded continuously. The effective rate of interest is %. (Round to three decimal places as needed.)
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