Problem #3: If, in 8 years, $1000 increased to $2300, what is the effective monthly rate, as a percentage? Problem #3: 0.07 Percentage, correct to 2 decimals. (Do not include the '%' sign in your answer.) Just Save Your work has been saved! (Back to Admin Page). Submit Problem #3 for Grading Problem #3 Attempt #1 Attempt #2 Attempt #3 Attempt #4 Attempt #5 Your Answer: 1.31 0.07 Your Mark: 0/2x 0/2x