Use the following formula for compound interest. If P dollars is invested at an annual interest rate r (expressed as a decimal) compounded n times yearly, the amount A after t years is given by A= P(1+ r/n)^nt

Required:
What rate of interest is required so that $1000 will yield $1900 after 5 years if the interest rate is compounded monthly?

It would be 58,436 I THINK

Step-by-step explanation:

it reflected because of the glass maube

step-by-step explanation:

in problems involving proportions, we can use cross products to test whether two ratios are equal and form a proportion. to find the cross products of a proportion, we multiply the outer terms, called the extremes, and the middle terms, called the means.

hope it