At the end of 10 years, Alan has $4220 in his savings account. This account compounds monthly. If Alan’s initial deposit was $2100, what is the rate at which the account compounds

My account
Edit my Profile
Private messages
My favorites

Ask a Question
Questions
Unanswered
Tags
Categories
Ask a Question

asked Aug 1, 2023 214k views

4 votes

At the end of 10 years, Alan has $4220 in his savings account. This account compounds monthly. If Alan’s initial deposit was $2100, what is the rate at which the account compounds

Mathematics
high-school

Shrm asked

by Shrm

3.6k points

0 Comments

Please log in or register to add a comment.

Please log in or register to answer this question.

1 Answer

4 votes

Answer:

Explanation:

Andrew Guenther answered Aug 7, 2023

by Andrew Guenther

3.5k points

0 Comments

Please log in or register to add a comment.

Ask a Question

Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

3.7m questions

4.8m answers

0 Comments

Please log in or register to add a comment.

Please log in or register to answer this question.

1 Answer

0 Comments

Please log in or register to add a comment.

Other Questions