Given $\displaystyle {f{{\left({t}\right)}}}={322}{\left({1.12}\right)}^{{t}}$ where 't' is in years, what is the annual rate?

Annual Rate as a percentage is = % Preview Question 6 Part 1 of 2  

 

What is the continuous annual % rate?

HINT: First Convert the equation $\displaystyle {f{{\left({t}\right)}}}={a}{b}^{{t}}$ to the form $\displaystyle {f{{\left({t}\right)}}}={322}{e}^{{{k}{t}}}$ and use the k - value to determine your answer.

Write the answer as a percentage accurate to three decimal places.

Continuous Annual Percentage Rate is = % Preview Question 6 Part 2 of 2