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1. If an investment grows 50% in 4 years, what rate of interest i (4) is being earned? 2.Lauren deposits $100 every month in a

1. If an investment grows 50% in 4 years, what rate of interest i⁽⁴⁾is being earned?

2.Lauren deposits $100 every month in a savings account that pays interest at i⁽¹²⁾=4.5%. If she makes her first deposit on July 1,2010,how much will she have in her account just after she makes her deposit on January 1,2013?

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