Asked by CD
How to find the interst rate on an investment of 3000 after four years received 4105.71. What is the interest rate
Answers
Answered by
Steve
solve for r in
compound interest:
3000(1+r)^4 = 4105.71
simple interest:
3000(1+4r) = 4105.71
compound interest:
3000(1+r)^4 = 4105.71
simple interest:
3000(1+4r) = 4105.71
There are no AI answers yet. The ability to request AI answers is coming soon!
Submit Your Answer
We prioritize human answers over AI answers.
If you are human, and you can answer this question, please submit your answer.