Quantcast

A community for students.

Here's the question you clicked on:

55 members online
  • 0 replying
  • 0 viewing

mel1989

  • 4 years ago

A business invests $10,000 in a savings account for two years. At the beginning of the second year, an additional $3500 is invested. At the end of the second year, the account balance is $15,569.75. What was the annual interest rate?

  • This Question is Closed
  1. lexussmi12
    • 4 years ago
    Best Response
    You've already chosen the best response.
    Medals 1

    So the interest rate is 8.5%

  2. mel1989
    • 4 years ago
    Best Response
    You've already chosen the best response.
    Medals 0

    how did you get that answer though

  3. lexussmi12
    • 4 years ago
    Best Response
    You've already chosen the best response.
    Medals 1

    hello got it

  4. mel1989
    • 4 years ago
    Best Response
    You've already chosen the best response.
    Medals 0

    yeah thx

  5. Not the answer you are looking for?
    Search for more explanations.

    • Attachments:

Ask your own question

Sign Up
Find more explanations on OpenStudy
Privacy Policy

Your question is ready. Sign up for free to start getting answers.

spraguer (Moderator)
5 → View Detailed Profile

is replying to Can someone tell me what button the professor is hitting...

23

  • Teamwork 19 Teammate
  • Problem Solving 19 Hero
  • You have blocked this person.
  • ✔ You're a fan Checking fan status...

Thanks for being so helpful in mathematics. If you are getting quality help, make sure you spread the word about OpenStudy.

This is the testimonial you wrote.
You haven't written a testimonial for Owlfred.