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2 years ago

13

You have $700 to invest in an account and need to have $950 in one year. What interest rate would you need to have in order to r

each this goal if the amount is compounded quarterly? Round your answer to the nearest percent.
Please Help.

1 answer:

zhenek [66]2 years ago

4 0

Answer:

136% = 1.36

Step-by-step explanation:

(950-700)/700

=0.3571 (0.36)

Then you have to plus one

0.36+1

=136% or 1.36

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