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
3.1k points

1 Answer

3 votes

Answer:39.3 percent

Explanation:

3700 out of 6100 is 39.34 percent

User Klaus Rohe
by
3.1k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

3.6m questions

4.6m answers

Other Questions

A study was completed in Florida. In southern Florida, the study involved 3,000 patients; 54% of them experienced flulike symptoms during the same month. The study had a margin of error of 1.8%. What does
Solve for x in the equation 3 x squared minus 18 x + 5 = 47. (I need this to be an answer like X=3+\_ square root 23)
Can someone help me plz I have to Turn 27/9 in simplest
The sanchez family goes out for dinner, and the price of the meals is $60. The sales tax on the Meals is 7 percent, and they also want to leave a 15 percent tip. What is the total cost of the meal? Analyze
Simplify: 10 ÷ [(5 + 2) − 5]
Link Copied!