algebra
posted by Cumberland on .
Begining loan is 1400 ending amount is 1700 compounded quarterly over 9yrs what is the interest rate?

1700 = 1400 (1+r/4)^(4*9)
r = 2.16%
posted by Cumberland on .
Begining loan is 1400 ending amount is 1700 compounded quarterly over 9yrs what is the interest rate?
1700 = 1400 (1+r/4)^(4*9)
r = 2.16%