Multiple Choice
$50,000 that was invested in 1990 was worth $134,100 in 2000. What annual interest rate did the investment earn in that 10 year period? Assume continuous compounding.
A) 118.06%
B) 10.91%
C) 108.20%
D) 9.87%
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q26: Use your calculator to construct the direction
Q27: Match the appropriate slope field with the
Q28: Find all equilibrium points for the following
Q29: Solve the following initial value problem explicitly.
Q30: Use Euler's method with h = 0.1
Q32: In 1995 an investor put $2000 in
Q33: A particular investment program involves continuously making
Q34: Find the solution to the following separable
Q35: The conversion of sucrose (table sugar) to
Q36: The Polymerase Chain Reaction (PCR) is used