SOLUTION: a gift of $5000.00 to a city grew to 3,000,000 in 200 years. at what interest rate compounded annually would this growth occur?The interest rate would be what %?
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Question 42322: a gift of $5000.00 to a city grew to 3,000,000 in 200 years. at what interest rate compounded annually would this growth occur?The interest rate would be what %?
Answer by Nate(3500) (Show Source): You can put this solution on YOUR website!
About 0.0325, so about 3.3%.
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