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What is the effective rate of interest if $1,000 compounds to $1,331 in 3 years? The effective rate of interest, if $1,000 compounds to $1,331 in 3 years is ___%.
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What is the effective rate of interest if $1,000 compounds to $1,331 in 3 years?

The effective rate of interest, if $1,000 compounds to $1,331 in 3 years is ___%.

User Max Bublikoff
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2 Answers

3 votes
33331 as it is 1000 x 100 which equal 33331
User Cystbear
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3 votes
nnnnnnnnnnnnnnnnnnn
6.0%

User Veron
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6.5k points
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