asked 108k views
5 votes
Your $8700 investment grows to $14900 over the course of 8 years compounded quarterly.

What interest rate did you receive on your investment? (Write your answer with at least four decimal points) Your interest rate is r =

1 Answer

3 votes
I didnt convert the rate to percent i hope its asking for just the decimal
Your $8700 investment grows to $14900 over the course of 8 years compounded quarterly-example-1
answered
User Hasta Dhana
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8.4k points
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