At what interest rate must $5600 be compounded annually to equal $13,057.18 after 11 yr? Round to the nearest percent, but CHECK by saving the number on your calculator with all decimal places included. Write your answer in complete sentence form and include correct units.
At what interest rate must $5600 be compounded annually to equal $13,057.18 after 11 yr? Round to the nearest percent, but CHECK by saving the number on your calculator with all decimal places included. Write your answer in complete sentence form and include correct units.
Holt Mcdougal Larson Pre-algebra: Student Edition 2012
1st Edition
ISBN:9780547587776
Author:HOLT MCDOUGAL
Publisher:HOLT MCDOUGAL
Chapter7: Percents
Section7.7: Simple And Compound Interest
Problem 15E
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