Question

Please help me!!!!!!

Answer 1

4.5%

Step-to-Step Explanation:

`y=8700*1.045^(x)`

`y=a(1+r)^(x)`

1 + r = 1.045

r = 1 - 1.045

r = 0.045

Multiply 0.045 by 100 to ger 4.5%

r = 4.5%