Question 739334
An investment of $750 will be worth $1385 after 10 years of continuous compounding at a fixed interest rate. What is the annual percentage rate?
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{{{FV = PV*e^rt}}}
{{{1385 = 750*e^(0.1r)}}}
{{{e^0.1r = 1385/750 = 277/150}}}
{{{0.1r = ln(277/150)}}}
{{{r = 10*ln(277/150)}}}