Question
. Sara invested $4,600 into an account that grew to $35,000 over a period of 10 years. The interest in the account is compounded
. Sara invested $4,600 into an account that grew to $35,000 over a period of 10 years. The interest in the account is compounded annually. What was the annual interest rate of the account? % Give the interest rate as a percent rounded to two decimal places.
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Get StartedRecommended Textbook for
Intermediate Accounting
Authors: Donald E. Kieso, Jerry J. Weygandt, and Terry D. Warfield
15th edition
978-1118159644, 9781118562185, 1118159640, 1118147294, 978-1118147290
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