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Sally invests $4000 in a savings account which compounds interest monthly. After 10 years, she has a balance of $4,491.73. What is the annual interest rate of the account, round…

Sally invests $4000 in a savings account which compounds interest monthly. After 10 years, she has a balance of $4,491.73. What is the annual interest rate of the account, round…
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Sally invests $4000 in a savings account which compounds interest monthly. After 10 years, she has a balance of $4,491.73. What is the annual interest rate of the account, rounded to the nearest 0.01%

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User Zchenah
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8.8k points

1 Answer

4 votes
you the formula interest=principle*rate*time
answered
User Martin Tonev
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8.3k points
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