A bank account has an initial deposit of $14,000. After 8 years, the bank account has $18,000. Assuming that compounding interest is done annually and that no
withdrawals are taken, find the annual interest rate on the investment. If the interest is compounded annually what is the approximate interest rate on the investment?

2.3%

Step-by-step explanation:

18000 = 15000( 1 + i)^8

Divide both sides by 15000

1.2 = (1 + i)^8

Take both sides to the 1/8 power

1.2^(1/8) = 1 + i

1.023051875220463 = 1 + i

Subtract 1 from both sides

i = 0.023051875220463

~ 2.3%

i think this could be a possible answer (1 / 84) -1

good luck! : d

sas (side angle side)

aa(angle angle)

sss(side side side)

sas you have to find two sides with an angle in between

aa you find two angles because it will always add up to 180

sss find all sides

step-by-step explanation: