menu
Qammunity.org
Login
Register
My account
Edit my Profile
Private messages
My favorites
If $4200 is invested in a savings account for which interest is compounded semiannually, and if the $4200 turns into $4900 in 4 years, what is the interest rate of the savings a…
Ask a Question
Questions
Unanswered
Tags
Categories
Ask a Question
If $4200 is invested in a savings account for which interest is compounded semiannually, and if the $4200 turns into $4900 in 4 years, what is the interest rate of the savings a…
asked
Mar 27, 2018
75.5k
views
2
votes
if $4200 is invested in a savings account for which interest is compounded semiannually, and if the $4200 turns into $4900 in 4 years, what is the interest rate of the savings account?
Mathematics
high-school
Himanshu Ahire
asked
by
Himanshu Ahire
7.6k
points
answer
comment
share this
share
0 Comments
Please
log in
or
register
to add a comment.
Please
log in
or
register
to answer this question.
2
Answers
6
votes
4900=4200(1+r/2)^(2*4)
Solve for r
R=(4900/4200)^(1/8))-1)*2
R=((4,900÷4,200)^(1÷8)−1)×2
R=0.039*100=3.9%
Lxe
answered
Mar 29, 2018
by
Lxe
8.1k
points
ask related question
comment
share this
0 Comments
Please
log in
or
register
to add a comment.
3
votes
Answer:
3.89
Explanation:
did test
Theaccordance
answered
Apr 3, 2018
by
Theaccordance
7.9k
points
ask related question
comment
share this
0 Comments
Please
log in
or
register
to add a comment.
← Prev Question
Next Question →
Related questions
asked
Oct 1, 2018
225k
views
If $4200 is invested into a savings account for which interest is compounded semiannually, and if the $4200 turns into $4900 in 4 years, what is the interest rate of the savings? A. 3.89% B. 7.86% C. 16.
Martijn Tennekes
asked
Oct 1, 2018
by
Martijn Tennekes
7.4k
points
Mathematics
college
2
answers
4
votes
225k
views
asked
Feb 28, 2018
65.6k
views
If $4200 is invested into a savings account for which interest is compounded semiannually, and if the $4200 turns into $4900 in 4 years, what is the interest rate of the savings?
Cata John
asked
Feb 28, 2018
by
Cata John
7.4k
points
Mathematics
high-school
2
answers
1
vote
65.6k
views
asked
Feb 13, 2020
220k
views
If $4200 is invested in a savings account for which interest is compounded semiannually, and if the $4200 turns into $4900 in 4 years, what is the interest rate of the savings account?
JEricaM
asked
Feb 13, 2020
by
JEricaM
8.1k
points
Mathematics
middle-school
1
answer
3
votes
220k
views
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.
9.4m
questions
12.2m
answers
Other Questions
What is .725 as a fraction
How do you estimate of 4 5/8 X 1/3
A bathtub is being filled with water. After 3 minutes 4/5 of the tub is full. Assuming the rate is constant, how much longer will it take to fill the tub?
i have a field 60m long and 110 wide going to be paved i ordered 660000000cm cubed of cement how thick must the cement be to cover field
A dealer sells a certain type of chair and a table for $40. He also sells the same sort of table and a desk for $83 or a chair and a desk for $77. Find the price of a chair, table, and of a desk.
Twitter
WhatsApp
Facebook
Reddit
LinkedIn
Email
Link Copied!
Copy
Search Qammunity.org