The initial investment in a savings account in which interest is compounded continuously is $997. If the time required to double the amount is
years, what is the annual rate? Round your answer to two decimal places.
?
?
A. 9.56 %
B. 9.90 %
C. 10.46 %
D. 8.36 %
E. 10.96 %
Answer: A
Mathematics
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