document.write( "Question 83893: You invested $700.00 compounded continously. After 20 years you had $2838.64. What was the interest rate? \n" ); document.write( "
Algebra.Com's Answer #60354 by Nate(3500) ![]() You can put this solution on YOUR website! a(1 + r)^t \n" ); document.write( "700(1 + r)^20 = 2,838.64 \n" ); document.write( "(1 + r)^20 = 4.0552 \n" ); document.write( "About 0.0725 or 7.25% \n" ); document.write( " |