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Parents put $ 1000 into a savings account at the birth of their daughter. When their daughter is 18 years old, the money in the account is $2936.77. What is the interest rate compounded monthly?​
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7 votes
Parents put $ 1000 into a savings account at the birth of their daughter. When their daughter is 18 years old, the money in the account is $2936.77. What is the interest rate compounded monthly?​

User Juanmajmjr
by
7.1k points

2 Answers

11 votes
$4008.00 ㅋㅋㅋㅋㅋㅋㅋㅋㅋㅋㅋ
User Flau
by
7.8k points
8 votes

Answer:

408.611%

Step-by-step explanation:

User Elmer
by
7.9k points
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