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An Investment of $2500 Is Made in an Account That 2.0%2.0 \%

Question 71

Multiple Choice

An investment of $2500 is made in an account that compounds interest quarterly. After years 30 the balance in the account is $26132.78. To the nearest tenth of a percent, what is the annual interest rate for this account?


A) 2.0%2.0 \%
B) 0.5%0.5 \%
C) 31.5%31.5 \%
D) 7.9%7.9 \%
E) 2.6%2.6 \%

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