Joseph places $5,500 in a savings
2 answers:
Answer: About 6.2%
Step-by-step explanation:
He starts with 5500 and gains 893.75 in 2.5 years.
The equation is then 5500*(x)^2.5 = 5500+893.75, or
5500*x^2.5 = 6393.75.
x is about 1.0621, or about 6.2% because it's interest.
Hope that helped,
-sirswagger21
Answer: 137.5%
Step-by-step explanation
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