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Sally invests $4000 in a savings account which compounds interest monthly. After 10 years, she has a balance of $4,491.73. What is the annual interest rate of the account, rounded to the nearest 0.01%
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Sally invests $4000 in a savings account which compounds interest monthly. After 10 years, she has a balance of $4,491.73. What is the annual interest rate of the account, rounded to the nearest 0.01%

User Zchenah
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1 Answer

4 votes
you the formula interest=principle*rate*time
User Martin Tonev
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