Question
1) Find the annual (compound) interest rate for an account in which $5273 grew to $7940 in 9 years if interest compounded yearly. Your answer
1) Find the annual (compound) interest rate for an account in which $5273 grew to $7940 in 9 years if interest compounded yearly.
Your answer should be a percent. Round your answer to the nearest tenth of a percent (for example: 4.6%).
2) Find the annual (compound) interest rate for an account in which $7600 grew to $9846 in 6 years if interestcompounded 17 times per year.
Your answer should be a percent. Round your answer to the nearest tenth of a percent (for example: 4.6%).
3) How many days will it take for $10555 to grow to $12038 in an account offering an annual compound interest rate of 2.1% compounded daily?
Round your answer to the nearest day (for example: 100 days).
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