SOLUTION: What annual rate of return is earned on a $4,000 investment when it grows to $9,600 in eight years? Round to nearest 1 decimal place

SOLUTION: What annual rate of return is earned on a $4,000 investment when it grows to $9,600 in eight years? Round to nearest 1 decimal place

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Question 386715: What annual rate of return is earned on a $4,000 investment when it grows to $9,600 in eight years? Round to nearest 1 decimal place
Answer by robertb(5830) (Show Source): You can put this solution on YOUR website!
;
;
;
, or
11.6 %, to 1 decimal place.
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