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Isabella is going to invest $2,400 and leave it in an account for 13 years. Assuming the interest is compounded monthly, what interest rate, to the nearest hundredth of a percent, would be required in
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Isabella is going to invest $2,400 and leave it in an account for 13 years. Assuming

the interest is compounded monthly, what interest rate, to the nearest hundredth of a
percent, would be required in order for Isabella to end up with $3,800?

User Lasana
by
3.3k points

2 Answers

3 votes

Answer:

i got 0.048%

Explanation:

User Frank Spin
by
3.3k points
3 votes

Answer:

r=3.54%

Explanation:

User Usi Usi
by
3.7k points
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