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Suppose that$2400is initially invested in an account at a fixed interest rate, compounded continuously . Suppose also that, after three years, the amount of money
Suppose that$2400is initially invested in an account at a fixed interest rate, compoundedcontinuously. Suppose also that, after three years, the amount of money in the account is$2744.Find the interest rate per year.
Compose your answer as a percentage. Do not round any intermediate computations, and round your percentage to the nearest hundredth.
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