Solve the Problem $$A = P e ^ { r t }$$

Multiple Choice

Solve the problem.
-Suppose that $16,000 is invested in a bond fund and the account grows to $18,552.21 in 4 yr. Use the model $$A = P e ^ { r t }$$ to determine the average rate of return under continuous compounding. Round to
The nearest tenth of a percent.

A) 1.8%
B) 1.2%
C) 1.5%
D) 3.7%