is given by the formula A = Pe^rt
I suspect that it will be 6.3!
It is approx 8.66%
If the rate is 10% interest on a $20,000 loan for two years, interest will be $4,428.06 if compounded continuously. If compounded annually, it would be $4,200.
48.51 years, approx.
556.34
543.66
635.61
523.97
730.43
661.56
332.01
556.34