Kathryn currently has an account balance of $2,248.95. She opened the account 7 years ago with a deposit of $1,762.14. If the interest compounds quarterly, what is the interest rate on the account?

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interest=2248.95-1762.14=486.81
so interest=
486.81=1762.14*x/100
x=27.62

Yes it would be a percentage

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