Multiple Choice
An initial investment of $5000 doubles in value in 6.3 years.Assuming continuous compounding,what was the interest rate? Round to the nearest tenth of a percent.
A) 11.0%
B) 4.8%
C) 5.5%
D) 6.3%
E) 100%
Correct Answer:
Verified
Correct Answer:
Verified
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