The Initial Investment in a Savings Account in Which Interest

question 9

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 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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