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8/ (Related to Checkpoint 5.6) (Solving for i ) At what annual interest rate, compounded annually, would $490 have to be invested for it to

8/

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(Related to Checkpoint 5.6) (Solving for i ) At what annual interest rate, compounded annually, would $490 have to be invested for it to grow to $1,948.37 in 10 years? The annual interest rate, compounded annually, at which $490 must be invested for it to grow to $1,948.37 in 10 years is \%. (Round to two decimal places.)

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