Register
mariana is going to invest $6,200 and leave it in an account for 9 years. assuming the interest is compounded monthly, what interest rate, to the nearest tenth of a percent, would be required in order
162k views
2 votes
mariana is going to invest $6,200 and leave it in an account for 9 years. assuming the interest is compounded monthly, what interest rate, to the nearest tenth of a percent, would be required in order for mariana to end up with $7,400?

User Mind Pixel
by
7.8k points

1 Answer

5 votes

Answer: 2.0%

Step-by-step explanation:

mariana is going to invest $6,200 and leave it in an account for 9 years. assuming-example-1
User Baztoune
by
8.0k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

8.8m questions

11.4m answers

Other Questions

Who was Adam Smith ? Anybody?
What can turn igneous rock into sediment?
What is meant by data mining ?
What is the best way to describe a stock market?
You sell popcorn during your schools football games. Knowing that the people usually buy more when the price is lower, how would you price your popcorn after halftime?
Link Copied!