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P5-14 (similar to) (Related to Checkpoint 5.6) (Solving for i) At what annual interest rate, compounded annually, would $500 have to be invested for it

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P5-14 (similar to) (Related to Checkpoint 5.6) (Solving for i) At what annual interest rate, compounded annually, would $500 have to be invested for it to grow to $1,981.74 in 15 years? The annual interest rate, compounded annually, at which $500 must be invested for it to grow to $1,981.74 in 15 years is %. (Round to two decimal places.)

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