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23 December, 22:54

The equation for the future value of a deposit earning compound interest is equation, where ...

P = the initial deposit

t = years invested

r = rate at which interest is compounded annually

n = number of times the interest is compounded per year

After 10 years, a $2,000-dollar investment compounded annually has grown to $3600. What is the

interest rate to the nearest whole-number percent?

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Answers (1)
  1. 24 December, 01:09
    0
    I think you subtract 3600 from 2000 and divide the product by 10
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