Sophia is going to invest $7,900 and leave it in an account for 6 years. Assuming the interest is compounded monthly, what interest ra

Question

Sophia is going to invest $7,900 and leave it in an account for 6 years.
Assuming the interest is compounded monthly, what interest rate, to the
nearest hundredth of a percent, would be required in order for Sophia to end
up with $9,400?

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RobertKer 3 years 2021-08-31T02:50:50+00:00 1 Answers 23 views 0

Answers ( )

  1. Philomena
    0
    2021-08-31T02:52:33+00:00
    Reply

    Answer:

    r= 2.90%

    Step-by-step explanation:

    delta math

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