A building was bought for 190 000 and sold 11 years later

Last updated: 9/22/2023

A building was bought for 190 000 and sold 11 years later for 320 000 What interest rate compounded continuously was earned on the investment K To find the interest rate earned on this investment use the formula for continuous compound interest where A is the final amount P is the initial amount r is the interest rate and t is the time period What is the formula for continuous compound interest OA A Pet OB A OC A Pert OD A P elt r mt Substitute the given values of A P and t into the formula Do not include the symbol in your answer What is the next logical step to solve this equation for r CIE O A Divide both sides of the equation by er 11 OB Take the natural log of both sides of the equation OC Divide both sides of the equation by 320 000 OD Divide both sides of the equation by 190 000 Apply the next logical step found above and continue the calculations to solve for r