Mathematics, 08.04.2020 20:31 raywalker3410
DeShawn invests $1,046 in a savings account with a fixed annual interest rate compounded 3 times per year. After 6 years, the balance reaches $1,780.74. What is the interest rate of the account?
Answers: 1
![r = n[(\frac{A}{P})^{1/nt}-1]](/tpl/images/0589/9828/486ba.png)
![r = 3[(\frac{1,780.74}{1,046})^{1/(3)6}-1]](/tpl/images/0589/9828/95e96.png)
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DeShawn invests $1,046 in a savings account with a fixed annual interest rate compounded 3 times per...
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