Solution-What is the annual rate of interest for this

What is the annual rate of interest for this account

Reference no: EM132190781

Question - An initial deposit of $3000 is made in a savings account for which the interest is compounded continuously the balance will double in seven years what's the annual rate of interest for this account?

Reference no: EM132190781

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What is the annual rate of interest for this account

Reference no: EM132190781

Reference no: EM132190781

Questions Cloud

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Accounting Basics Questions & Answers

How much control does fed have over this longer real rate

Coures:- fundamental accounting principles

Accounting problems

Theory of interest - term structure of interest rates

Write a report on internal controls

Prepare the bank reconciliation for company

Cost-benefit analysis

Theory of interest

Liquidity and profitability

What is the expected risk premium on the portfolio

Simple interest and compound interest

Capm and venture capital

Assured A++ Grade

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