An investment is continuously compounded

MATHEMATICS · Subjective · A Level · Mathematics · Exponentials and logarithms · Exponentials and logarithms

Problem

An investment is continuously compounded. Its value is 2,500 dollars, and exactly two years later it is 3,200 dollars. Determine the continuous growth rate

k

\text{yr}^{-1}

. Give your answer to three significant figures.

Related theory

Logarithmic Functions
Exponential Functions
Exponential and Logarithmic Functions
Functions

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