Answer
$20.925\%$
Work Step by Step
Since
$$
Q=5500 e^{0.19 t}=5500(1.20925)^t,
$$ the effective annual yield is $$1.20925-1=0.20925=20.925\%$$
Functions Modeling Change: A Preparation for Calculus, 5th Edition
by Connally, Eric; Hughes-Hallett, Deborah; Gleason, Andrew M.; Cheifetz, Phil C.
Published by
Wiley
ISBN 10:
1118583191
ISBN 13:
978-1-11858-319-7
Chapter 4 - Exponential Functions - 4.5 The Number e - Exercises and Problems for Section 4.5 - Exercises and Problems - Page 174: 30
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