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Wyatt is going to invest $28,000 and leave it in an account for 5 years. Assuming the interest is compounded quarterly, what interest rate, to the nearest hundredth of a percent, would be required in order
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Wyatt is going to invest $28,000 and leave it in an account for 5 years.

Assuming the interest is compounded quarterly, what interest rate, to the
nearest hundredth of a percent, would be required in order for Wyatt to end
up with $31,000?

User Cedric Mamo
by
7.5k points

1 Answer

5 votes

Answer:2.04 %

Explanation:

User PanchaGil
by
8.0k points
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