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Kate currently has an account balance of $7,194.66. She opened the account 21 years ago with a deposit of $2,978.41. If the interest compounds daily, what is the interest rate o…

Kate currently has an account balance of $7,194.66. She opened the account 21 years ago with a deposit of $2,978.41. If the interest compounds daily, what is the interest rate o…
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Kate currently has an account balance of $7,194.66. She opened the account 21 years ago with a deposit of $2,978.41. If the interest compounds daily, what is the interest rate on the account?

A. 4.2%
B. 1.5%
C. 8.4%
D. 15.7%

User Douglas Drouillard
by
7.4k points

1 Answer

6 votes
just try it look it up on the math workshop it will give you the answer and  give you more exmples
User Marcelog
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