05-02-2018
Mathematics

contestada

The effective rate of interest, if $1,000 compounds to $1,331 in 3 years is how much percent?

Respuesta :

coldheartedtn coldheartedtn

05-02-2018

I believe it is close to 4.4 percent a year or 13.2 over 3 years.

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zitterkoph zitterkoph

12-12-2018

Answer:

I don't know the math behind it, but the correct answer is 10%

Step-by-step explanation:

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