Register

What is the effective rate of interest if $1,000 compounds to $1,331 in 3 years? The effective rate of interest, if $1,000 compounds to $1,331 in 3 years is ___%.

What is the effective rate of interest if $1,000 compounds to $1,331 in 3 years? The effective rate of interest, if $1,000 compounds to $1,331 in 3 years is ___%.
asked 151k views
4 votes
What is the effective rate of interest if $1,000 compounds to $1,331 in 3 years?

The effective rate of interest, if $1,000 compounds to $1,331 in 3 years is ___%.

asked
User Kasey Speakman
by
8.9k points

1 Answer

6 votes

Answer:

10%

Explanation:

answered
User Codaddict
by
8.1k points
← Prev Question Next Question →

Related questions

Ask a Question
Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.

Categories

Other Questions

How do you can you solve this problem 37 + y = 87; y =
What is .725 as a fraction
How do you estimate of 4 5/8 X 1/3
Link Copied!