When the Interest on an Investment Is Compounded Continuously, the Investment

question 94

Multiple Choice

When the interest on an investment is compounded continuously, the investment grows at a rate that is proportional to the amount in the account. If $25,000 is invested (when ) and the amount in the account after 18 years is $46,940.26, find the interest rate on this investment? Round to one decimal place. ​

• A)3.0%
• B)3.5%
• C)4.0%
• D)4.5%
• E)5.0%

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