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rosijanka [135]

3 years ago

8

Angela currently has an account balance of &4,298.55. She opened the account 15 years ago, with a deposit of $1,987.22. If t

he interest compounds monthly, what is the interest rate on the account?

1 answer:

Mars2501 [29]3 years ago

7 0

Answer:

The interest rate is 5.278%

Step-by-step explanation:

4298.55=1987.22(1+r/100)^15

r=5.278%

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Read 2 more answers