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    Mathematics
  3. Study Set
    Elementary and Intermediate Algebra Study Set 1
  4. Exam
    Exam 10: Completing the Square
  5. Question
    Suppose a Deposit of $3,500 in a Savings Account That
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Suppose a Deposit of $3,500 in a Savings Account That

Question 141

Question 141

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Suppose a deposit of $3,500 in a savings account that paid an annual interest rate r (compounded yearly) is worth $4,098 after 2 years. Using the formula Suppose a deposit of $3,500 in a savings account that paid an annual interest rate r (compounded yearly) is worth $4,098 after 2 years. Using the formula   , we have   Solve for r to find the annual interest rate. Round the answer to the nearest tenth. r = __________% , we have Suppose a deposit of $3,500 in a savings account that paid an annual interest rate r (compounded yearly) is worth $4,098 after 2 years. Using the formula   , we have   Solve for r to find the annual interest rate. Round the answer to the nearest tenth. r = __________% Solve for r to find the annual interest rate. Round the answer to the nearest tenth. r = __________%

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