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If $4200 is invested into a savings account for which interest is compounded semiannually, and if the $4200 turns into $4900 in 4 years, what is the interest rate of the savings…

If $4200 is invested into a savings account for which interest is compounded semiannually, and if the $4200 turns into $4900 in 4 years, what is the interest rate of the savings…
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If $4200 is invested into a savings account for which interest is compounded semiannually, and if the $4200 turns into $4900 in 4 years, what is the interest rate of the savings?

asked
User Cata John
by
7.4k points

2 Answers

4 votes
0.4794520547945205 a day for 4 years

175 a year X 4

700
answered
User Teddy Zeenny
by
8.7k points
6 votes

Apex Answer: 3.89 percent



answered
User Nitin Bathija
by
7.3k points
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