Find the Interest Rate Needed for an Investment of $5,000

question 102

Short Answer

Find the interest rate needed for an investment of $5,000 to grow to an amount of $6,000 in 3 year(s) if interest is compounded continuously. Round your answer to the nearest hundredth.
Interest rate is __________% per year.

---

Definitions:

Gifted Programs

Educational initiatives designed to accommodate and challenge students who demonstrate high capability in intellectual, creative, artistic areas, or leadership capacity.

Testing Bias

The presence of certain factors in a test that systematically prevents accurate, impartial measurement.

Intelligence

The ability to learn from experience, solve problems, and use knowledge to adapt to new situations.

Creativity

The ability to think in novel and unusual ways and come up with unique solutions to problems.