A bank compounds interest continuously. What annual interest rate does it offer if $1,000 grows to $2,054.44

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A bank compounds interest continuously. What annual interest rate does it offer if $1,000 grows to $2,054.44 in 12 years?

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Calculus For Business, Economics And The Social And Life Sciences

ISBN: 9780073532387

11th Brief Edition

Authors: Laurence Hoffmann, Gerald Bradley, David Sobecki, Michael Price

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Question Posted: Jun 20, 2023 02:43 AM

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A bank compounds interest continuously. What annual interest rate does it offer if $1,000 grows to $2,054.44

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Calculus For Business, Economics And The Social And Life Sciences

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