Register
Sophia is going to invest $7,900 and leave it in an account for 6 years. Assuming the interest is compounded monthly, what interest rate, to the nearest hundredth of a percent, would be required in order
30.3k views
3 votes
Sophia is going to invest $7,900 and leave it in an account for 6 years.

Assuming the interest is compounded monthly, what interest rate, to the
nearest hundredth of a percent, would be required in order for Sophia to end
up with $9,400?

User TrigonaMinima
by
3.0k points

1 Answer

1 vote

Answer:

r= 2.90%

Explanation:

delta math

User Namin
by
3.5k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

3.5m questions

4.5m 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)
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]
A survey of 539 adults aged 18-24 year olds was conducted in which they were asked what they did last Friday night. It found: 189 watched TV 163 hung out with friends 29 watched TV and ate pizza, but did
Link Copied!