Tuesday

October 21, 2014

October 21, 2014

Posted by **carmelo** on Friday, March 15, 2013 at 10:22am.

A.) 1.04%

*B.) 3.6%

C.) 5.4%

D.) 7.3%

Thanks.

- Math -
**Reiny**, Friday, March 15, 2013 at 11:05am16099.44 = 15000(1+i)^2

1.073296 = (1+i)^2

1+i = √1.073... = 1.036

i = .036 or 3.6%

**Answer this Question**

**Related Questions**

Algebra - A company invests $15,000.00 in an account that compounds interest ...

Algebra Question~! - A company invests $15,000.00 in an account that compounds ...

Algebra - Show how you substitute the values into the formula, then use your ...

math - how much money would have to be invested in an account at 3.98% annual ...

Algebra - Need help with these 2 please-- 19. Nancy invests $100 in one account ...

Algebra - Need help with these 2 please-- 19. Nancy invests $100 in one account ...

Math - Please check my work, thank you If $7,800 is deposited into an account ...

math - Suppose $5000 is deposited in a bank account that compounds interest four...

math - Suppose $5000 is deposited in a bank account that compounds interest ...

Algebra - Greta invests $10,000 in an investment that pays 3% interest, ...