Register
Evelyn is going to invest $3,500 and leave it in an account for 16 years. Assuming the interest is compounded quarterly, what interest rate, to the nearest tenth of a percent, would be required in order
86.7k views
5 votes
Evelyn is going to invest $3,500 and leave it in an account for 16 years. Assuming the

interest is compounded quarterly, what interest rate, to the nearest tenth of a
percent, would be required in order for Evelyn to end up with $6,200?

User Tengis
by
4.9k points

1 Answer

4 votes

Answer:3.6%

Explanation:

User Preator
by
4.9k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

5.1m questions

6.7m answers

Other Questions

Pizza planet is running a special 3 pizzas for 16.50. What is the unit rate for one pizza
What number is halfway between 0 and 18
If the 9-inch wheel of cheese costs $18.60, what is the cost per square inch? If the cost is less than a dollar, put a zero to the left of the decimal point?
I need to simplify this expression.
Need answer to math problem!!!​
Link Copied!