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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
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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
8.2k points

1 Answer

3 votes

Answer:39.3 percent

Explanation:

3700 out of 6100 is 39.34 percent

User Klaus Rohe
by
7.3k points
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