# SOLUTION: my question is at what annual rate compounded continuously will \$1,000 have to be invested to amount to \$2,500 in 10 years? i know the answer is 9.16% an you use the formula A=Pe

Algebra ->  Algebra  -> Finance -> SOLUTION: my question is at what annual rate compounded continuously will \$1,000 have to be invested to amount to \$2,500 in 10 years? i know the answer is 9.16% an you use the formula A=Pe      Log On

 Ad: Algebra Solved!™: algebra software solves algebra homework problems with step-by-step help! Ad: Algebrator™ solves your algebra problems and provides step-by-step explanations!

 Algebra in Finance Solvers Lessons Answers archive Quiz In Depth

 Question 305535: my question is at what annual rate compounded continuously will \$1,000 have to be invested to amount to \$2,500 in 10 years? i know the answer is 9.16% an you use the formula A=Pe^rt but how do you find the answer on the caculator and what numbers go where?Answer by nerdybill(6962)   (Show Source): You can put this solution on YOUR website!at what annual rate compounded continuously will \$1,000 have to be invested to amount to \$2,500 in 10 years? i know the answer is 9.16% an you use the formula A=Pe^rt but how do you find the answer on the caculator and what numbers go where? . Since: A=Pe^(rt) Plug in what you know: 2500=1000e^(r*10) . Solving for r: 2500=1000e^(r*10) 2500/1000 = e^(r*10) ln(2500/1000) = r*10 ln(2500/1000)/10 = r . So on your calculator: Hit the "Ln" button Type in "2500/1000" Hit the ")" Hit the "divide" key Type in "10" Hit the "Enter" key . r = .0916 or 9.16%