Register

Oliver is going to invest $27,000 and leave it in an account for 5 years. Assuming the interest is compounded daily, what interest rate, to the nearest tenth of a percent, would…

Oliver is going to invest $27,000 and leave it in an account for 5 years. Assuming the interest is compounded daily, what interest rate, to the nearest tenth of a percent, would…
211k views
1 vote
Oliver is going to invest $27,000 and leave it in an account for 5 years. Assuming the interest is compounded daily, what interest rate, to the nearest tenth of a percent, would be required in order for Oliver to end up with $36,000 ?

User Arman Safikhani
by
8.7k points

1 Answer

5 votes

Answer:5.8

Explanation:

User Ravi G
by
7.1k points
← Prev Question Next Question →

No related questions found

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

How do you can you solve this problem 37 + y = 87; y =
What is .725 as a fraction
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
Write words to match the expression. 24- ( 6+3)
Link Copied!