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5.) You deposit $5000 into an account compounded annually for 8 years. The account is now worth $9350. What was the interest rate paid on the account?
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5.) You deposit $5000 into an account compounded annually for 8 years. The account is now worth $9350. What was the interest rate paid on the account?
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Sep 11, 2022
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5.) You deposit $5000 into an account compounded annually for 8
years. The account is now worth $9350. What was the interest rate
paid on the account?
Mathematics
high-school
Nathan Kurz
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Answer:
(1- 8 root of 9350/5000 times 100 = -8.14
Gordanvij
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Sep 17, 2022
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Gordanvij
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