Question: Use the model A=Pe rt , where A is the future value of P dollars invested at interest rate r compounded continuously for t years.

Use the model A=Pe^rt, where A is the future value of P dollars invested at interest rate r compounded continuously for t years. $4000 grows to $4411.85 in 2 years under continuous compounding. Find the interest rate. Round to the nearest tenth of a percent.

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