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When the Interest on an Investment Is Compounded Continuously, the Investment

Question 94

Multiple Choice

When the interest on an investment is compounded continuously, the investment grows at a rate that is proportional to the amount in the account. If $25,000 is invested (when When the interest on an investment is compounded continuously, the investment grows at a rate that is proportional to the amount in the account. If $25,000 is invested (when ) and the amount in the account after 18 years is $46,940.26, find the interest rate on this investment? Round to one decimal place. ​ A) 3.0% B) 3.5% C) 4.0% D) 4.5% E) 5.0% ) and the amount in the account after 18 years is $46,940.26, find the interest rate on this investment? Round to one decimal place. ​


A) 3.0%
B) 3.5%
C) 4.0%
D) 4.5%
E) 5.0%

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