katielovellette088 katielovellette088

05-09-2021
Mathematics

contestada

If $3800 is invested in a savings account for which interest is compounded
quarterly, and if the $3800 turns into $4300 in 2 years, what is the interest
rate of the savings account?

Respuesta :

05-09-2021

$125 per quarter, if quarter means every 3 months.

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