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Mike put $20,000 in the bank for two years. His interest was compounded annually. If at the end of two years he has $22,898 in his account, what percent interest did her earn ea…

Mike put $20,000 in the bank for two years. His interest was compounded annually. If at the end of two years he has $22,898 in his account, what percent interest did her earn ea…
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5 votes
Mike put $20,000 in the bank for two years. His interest was compounded

annually. If at the end of two years he has $22,898 in his account, what percent interest
did her earn each year?

asked
User Oleksandr Mosur
by
7.9k points

1 Answer

4 votes

Answer:

HI

Explanation:

answered
User Olliezhu
by
8.1k points
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