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Jane put all her summer savings of $3000 in a savings account earning interest compounded annually. At the end of two years, she has $3127.32 in her account. What was the interest rate? (Round to the nearest
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Jane put all her summer savings of $3000 in a savings account earning

interest compounded annually. At the end of two years, she has $3127.32 in

her account. What was the interest rate? (Round to the nearest percent.)

User Kaushal Panchal
by
4.8k points

1 Answer

4 votes

Answer:

the interest rate is 2.08%

User Tamikoon
by
5.8k points
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