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I invested $5000 and earned $300 in interest in 9 years. What was the interest rate r if interest was compounded continuously? r =

Economics Today and Tomorrow, Student Edition

1st Edition

ISBN:9780078747663

Author:McGraw-Hill

Publisher:McGraw-Hill

Chapter6: Saving And Investing

Section6.1: Why Save?

Problem 6R

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I invested $5000 and earned $300 in interest in 9 years. What was the interest rate r if interest was compounded
continuously?
r =

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