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Grayson is going to invest $710 and leave it in an account for 17 years. Assuming the interest is compounded continuously, what interest rate, to the nearest hundredth of a percent, would be required in order for Grayson to end up with $920?

Respuesta :

Answer:

1,3%

Step-by-step explanation:

[tex]x^{20} * 710 = 920\\x^{20} = 1.3\\x = 1.013[/tex]

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