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harkovskaia [24]
3 years ago
9

Marisa invests $1650 for 3 years, at which time her investment is worth $2262.7. What interest rate , compounded annually, would

yield the same results? Found your answer to 2 decimal places.
Mathematics
1 answer:
Oxana [17]3 years ago
8 0
Thank you for posting your question here at brainly. I hope the answer will help you. Feel free to ask more questions.

1650(1+i)^3 = 2262.7 

<span>divide both sides by 1650, take the cube root, then subtract 1 to get i, the annual rate expressed as a decimal. </span>
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