The Initial Investment in a Savings Account in Which Interest $\$ 813$

question 8

Multiple Choice

The initial investment in a savings account in which interest is compounded continuously is $\$ 813$ . If the time required to double the amount is $9 \frac { 1 } { 4 }$ years, what is the annual rate? Round your answer to two decimal places.

• A) \(7.49 \%\)
• B) \(7.70 \%\)
• C) \(13.34 \%\)
• D) \(6.29 \%\)
• E) \(8.89 \%\)

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The total amount of money spent during a week on various items or services.

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The average of all the individuals or items in a population.

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A measure of the dispersion or spread of all values in a population from the population mean.

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