jaleelat4982 jaleelat4982

22-03-2024
Mathematics

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The equation ln 1.09966 = ln e2.5r models the interest rate applied to a $7,500 investment in a continuously compounded interest savings account for 2.5 years. solve for the interest rate, rounding to the nearest hundredth of a percent.
a. 0.09%
b. 9.49%
c. 0.40%
d. 3.80%

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