Multiple Choice
Solve the problem.
-Find the required annual interest rate, to the nearest tenth of a percent, for $1100 to grow to $1400 if interest is compounded monthly for 7 years.
A) 0.3%
B) 3.5%
C) 2.3%
D) 6.9%
Correct Answer:
Verified
Correct Answer:
Verified
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