ariaslalitojr ariaslalitojr

09-06-2020
Mathematics

contestada

Newton currently has an account balance of $6,225.18. He opened the account 15 years ago
with a deposit of $4,543.11. If the interest compounds daily, what is the interest rate on the
account?
30.3%
7.7%
58.3%
2.1%

Respuesta :

gilbertazavedo72 gilbertazavedo72

09-06-2020

Answer: 2.1%

Step-by-step explanation:

r = n [(A/P)^1/nt - 1

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