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Karen currently has an account balance of $7,062.25. She opened the account 17 years ago with a deposit of $2,640.95. If the interest compounds monthly, what is the interest rate on the account?
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Jun 26, 2018
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Karen currently has an account balance of $7,062.25. She opened the account 17 years ago with a deposit of $2,640.95. If the interest compounds monthly, what is the interest rate on the account?
Mathematics
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Adi Rohan
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The interest rate is 0.4833333%
Frank Denis
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Jun 29, 2018
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