Your initial investment of $20,000 doubles after 10 years. If the bank compounds interest quarterly, what is your interest rate?

asked Jun 4, 2021 11.1k views

2 votes

Your initial investment of $20,000 doubles after 10 years. If

the bank compounds interest quarterly, what is your interest
rate?

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4 votes

Answer:

2,000

20,000 *10 /100

this is the answer and this is how to solve it

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