Find the Interest Rate Needed for an Investment of $6,000

question 186

Multiple Choice

Find the interest rate needed for an investment of $6,000 to grow to an amount of $7,000 in 3 year(s) if interest is compounded continuously. Round your answer to two decimal places. ​

• A) 5.28% per year
• B) 5.35% per year
• C) 5.14% per year
• D) 5.42% per year
• E) 5.21% per year