SOLUTION: Hi there, my question is about finding the percent interest, could you help me out, please? Information given in problem: Use formula A=P(1+(r/n))^(nt) Amount invested--$5700

Question 929258: Hi there, my question is about finding the percent interest, could you help me out, please?
Information given in problem:
Use formula A=P(1+(r/n))^(nt)
Amount invested--$5700
Number of Compounding Periods--360
Accumulated Amount--$11600
Time in "t" years--17
I am not sure how to solve for "r" in this situation.
Thank you!
Answer by ewatrrr(24785) (Show Source): You can put this solution on YOUR website!
with a calculator...
= r = .0418 0r 4.18% rounded
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