≈ 30.43 , lmk if u need an explanation
-46
Hope this helps!
May I please have brainliest? :D
Answer:
Interest rate is about 12.246%
The initial deposit doesn't matter because when you divide both sides by the initial deposit you're always left with (1+i)ⁿ=2
Step-by-step explanation:
![4000(1+i)^6=8000\\(1+i)^6=2\\1+i=\sqrt[6]{2} \\1+i=1.122462048\\i=.12246](https://tex.z-dn.net/?f=4000%281%2Bi%29%5E6%3D8000%5C%5C%281%2Bi%29%5E6%3D2%5C%5C1%2Bi%3D%5Csqrt%5B6%5D%7B2%7D%20%5C%5C1%2Bi%3D1.122462048%5C%5Ci%3D.12246)