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    Precalculus Mathematics for Calculus
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    Exam 4: Exponential and Logarithmic Functions
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    A Sum of $1250 Was Invested for 8 Years, and the Interest
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A Sum of $1250 Was Invested for 8 Years, and the Interest

Question 66

Question 66

Essay

A sum of $1250 was invested for 8 years, and the interest compounded quarterly. If this sum amounted to $6583.32\$ 6583.32$6583.32 in the given time, what was the interest rate?

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