Register
Levi is going to invest $3,700 and leave it in an account for 17 years. Assuming the interest is compounded daily, what interest rate, to the nearest tenth of a percent, would be required in order for
12.1k views
5 votes
Levi is going to invest $3,700 and leave it in an account for 17 years.

Assuming the interest is compounded daily, what interest rate, to the
nearest tenth of a percent, would be required in order for Levi to end
up with $6,100?

User Atul Darne
by
5.2k points

1 Answer

3 votes

Answer:39.3 percent

Explanation:

3700 out of 6100 is 39.34 percent

User Klaus Rohe
by
4.7k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

5.9m questions

7.8m answers

Other Questions

Solve for y in terms of x. 2/3y - 4 = x y = x + 6 y = -x + 4 y = -x + 6 y = x + 4
Aliyah has $24 to spend on seven pencils. After buying them she had $10. How much did each pencil cost?
Ten gallons of paint were poured into two containers of different sizes. Use one variable to express the amount poured into each container
Use the normal model ​n(11371137​,9696​) for the weights of steers. ​a) what weight represents the 3737thth ​percentile? ​b) what weight represents the 9999thth ​percentile? ​c) what's the iqr of the weights
Evaluate a + b when a = –16.2 and b = –11.4 A. –27.6 B. –4.8 C. 4.8 D. 27.6
Link Copied!