Question
If an initial investment of $2,300 grows to $39,000 in 18 years, what annual interest rate (as a %) compounded annually did this investment earn?
If an initial investment of $2,300 grows to $39,000 in 18 years, what annual interest rate (as a %) compounded annually did this investment earn? (Round your answer to two decimal places.)
the answer is 17.0 but I need it with good explanantion and step by step, even if its simple step. pleaseee
thannks
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Calculus With Applications
Authors: Margaret L. Lial
12th Edition
978-0135871348, 0135871344
