How to find the interst rate on an investment of 3000 after four years received 4105.71. What is the interest rate
solve for r in
compound interest:
3000(1+r)^4 = 4105.71
simple interest:
3000(1+4r) = 4105.71
compound interest:
3000(1+r)^4 = 4105.71
simple interest:
3000(1+4r) = 4105.71