lyricalexis lyricalexis

21-12-2020
Mathematics

contestada

Angela currently has an account balance of &4,298.55. She opened the account 15 years ago, with a deposit of $1,987.22. If the interest compounds monthly, what is the interest rate on the account?

Relax

Respuesta :

Eddie1Wan Eddie1Wan

21-12-2020

Answer:

The interest rate is 5.278%

Step-by-step explanation:

4298.55=1987.22(1+r/100)^15

r=5.278%

Answer Link

Otras preguntas

Fermentation is a complex chemical process of making wine by converting glucose C6H12O6 into ethanol C2H5OH and carbon dioxide: C6H12O6(s) ---> 2 C2H5OH (l)

Which is an example of a function?

What changes have taken place in the global economy since the end of World War II? A. The gap between developed and developing nations has largely disappeared.

A bauxite mining company has got government permission to acquire agricultural land in a location to start surface mining activities. Which of these is the best

The exercise price on one of Chrisardan Companies call options is $20, its exercise value is $27, and its time value is $8. What are the options market value an

In the news, you hear “tuition is expected to increase by 7% next year.” If tuition this year was $1200 per quarter, what will it be next year?

A roller coaster starts with a speed of 4.6 m/s at a point 49 m above the bottom of a dip. Neglecting friction, what will be the speed of the roller coaster at

In the last decade, South Korea has focused on Question 3 options: textiles. high-tech industries. light manufacturing. military equipment.

If the heat of combustion for a specific compound is −1380.0 kJ/mol and its molar mass is 44.53 g/mol, how many grams of this compound must you burn to release

Help asap please and please explain so I could try the rest on my own