A community for students. Sign up today!
Here's the question you clicked on:
← 55 members online
 0 viewing
 3 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?
 3 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

lexussmi12
 3 years ago
Best ResponseYou've already chosen the best response.1So the interest rate is 8.5%

mel1989
 3 years ago
Best ResponseYou've already chosen the best response.0how did you get that answer though

lexussmi12
 3 years ago
Best ResponseYou've already chosen the best response.1http://www.algebra.com/algebra/homework/quadratic/Quadratic_Equations.faq.question.155377.html
Ask your own question
Ask a QuestionFind more explanations on OpenStudy
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
 Engagement 19 Mad Hatter
 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.