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The Initial Investment in a Savings Account in Which Interest

Question 14

Multiple Choice

The initial investment in a savings account in which interest is compounded continuously is $813. If the time required to double the amount is The initial investment in a savings account in which interest is compounded continuously is $813. If the time required to double the amount is years, what is the annual rate? Round your answer to two decimal places. A) 7.49 % B) 7.70 % C) 13.34 % D) 6.29 % E) 8.89 % years, what is the annual rate? Round your answer to two decimal places.


A) 7.49 %
B) 7.70 %
C) 13.34 %
D) 6.29 %
E) 8.89 %

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