asked 208k views
3 votes
If $1200 grows to $1800 after 3 with interest compounding weekly what was the annual interest rate!?.

2 Answers

1 vote
took me more than a while i was confused for a bit but here is the solution
If $1200 grows to $1800 after 3 with interest compounding weekly what was the annual-example-1
answered
User Miad Abrin
by
8.0k points
2 votes
the interest rate is 6%
answered
User Amal Ajith
by
7.9k points
Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.