volvic1oemyogirlymc7 volvic1oemyogirlymc7

20-06-2016
Mathematics

contestada

Sally invests $4000 in a savings account which compounds interest monthly. After 10 years, she has a balance of $5,451.52. What is the annual interest rate of the account, rounded to the nearest 0.01%?

Respuesta :

jcorsbie1 jcorsbie1

20-06-2016

The annual interest rate would be 3.63%.

$1451.52/10=145.152

145.152/4000=0.036288

3.63% (With Rounding)

Answer Link

Otras preguntas

In brave new world, what are betas condition likes and dislikes?

How many terms does the polynomial a3 - 4ab2 + ab + 1 have?

Find the GCF of the following numbers: 2^5 x 3^7 and 2^7 x 3^5 Answer = 2^? x 3^? AKA 2 to the power of what multiplied by 3 to the power of what 13 POINTS! NE

What is a continuum

Line AB contains points A (8, -4) and B (1, -5). The slope of line AB is: A: -7 B: -1/7 C: 1/7 D: 7

4. Which quotation from the text supports the reason why Pip lies about his first time at Satis House? O A. "I felt convinced that if I described Miss Havisham'

what does Romeo say after tybalt wants to fight him?

The mor able an are D are in the area. A. species B. endangered species C C. mass extinctions D. instantaneous speciations

Help meeeeeeeeeeeeee

Which of these elements is rarely found in organic molecules?