SOLUTION: If 2500 dollars invested in a bank account for 6 years, compounded quarterly, amounts to 3269.98 dollars, what is the interest rate paid by the account? NOTE:Give your answer

Question 1034891: If 2500 dollars invested in a bank account for 6 years, compounded quarterly, amounts to 3269.98 dollars, what is the interest rate paid by the account?
NOTE:Give your answer to the nearest tenth of a percent.
Answer by josmiceli(19441) (Show Source): You can put this solution on YOUR website!

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The interest rate is 4.5%
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check:

( with My TI calculator -close enough )
Hope I got it!
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