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Solve the Problem. -Jennifer Invested $6000 in Her Savings Account for 7 Years

Question 68

Multiple Choice

Solve the problem.
-Jennifer invested $6000 in her savings account for 7 years. When she withdrew it, she had $9004.82. Interest was compounded continuously. What was the interest rate on the account? Round to the nearest tenth of a
Percent.


A) 5.7%
B) 5.95%
C) 5.9%
D) 5.8%

Correct Answer:

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