$1,000 Is Invested at R% Interest Continuously Compounded

question 7

Multiple Choice

$1,000 is invested at r% interest continuously compounded. After 6 years the account has reached $1350. What was the interest rate?

• A) 6%
• B) 5.3%
• C) 4.8%
• D) 5%

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Definitions:

Heterosexual Couples

Couples consisting of a male and a female partner, typically engaging in romantic or sexual relationships.

Encode and Decode

The process of converting information into a different form or code for communication, and then reverting it back to its original form.

Heterosexual Relationships

Romantic or sexual relationships between individuals of the opposite sex.

Private Thoughts

Internal, personal reflections or considerations not shared with others, often encompassing one’s inner desires, opinions, or plans.