Peyton is going to invest $9,700 and leave it in an account for 16 years. Assuming the interest is compounded continuously, what interest rate, to the nearest tenth of a
percent, would be required in order for Peyton to end up with $14,100?

$1,080.

Given that Peyton invested $ 690 in an account with an annual interest of 5.6% compounded monthly, and that he kept said money in his account for 8 years without withdrawing or adding any amount, to obtain the final amount of money that said account would have after 8 years. years of investment, the following calculation must be made:

8 x 12 = 96

X = 690 x (1 + 0.56) 96

X = 1,078.85

Thus, after 8 years of investment, the amount that Peyton's account will have will be $ 1,078.85, that is, $1,080 rounded to the nearest ten dollars.

10% of increase is the final answer! : )

answer: .64

step-by-step explanation

set up the formula for standard deviation for this set of numbers, then simplify