Here's the question you clicked on:

55 members online
  • 0 replying
  • 0 viewing


  • 3 years ago

What formula do I use to solve this: Zoey opened a savings account four years ago with a deposit of $935.15. The interest on the account compounds monthly. If Zoey’s current account balance is $1,128.16, what is the interest rate on the account? Is it 935.15(1+?/12)^???

  • This Question is Closed

    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