SOLUTION: If I invest $10,000 and it grows to 25,000 in 12 years what is the annual interest rate if the interest is compounded quarterly?

Algebra.Com
Question 859498: If I invest $10,000 and it grows to 25,000 in 12 years what is the annual interest rate if the interest is compounded quarterly?
Answer by ewatrrr(24785)   (Show Source): You can put this solution on YOUR website!
 
Hi,
In General
A = Accumulated Amount $25,000
P= principal = $10,000
r= annual rate =
n= periods per year = 4
t= years = 12


(1.019 - 1)/.25 = r = .076 0r r = 7.6%
RELATED QUESTIONS

The Morenos invest $10,000 in an account that grows to $12,000 in 5 years. What is the... (answered by ewatrrr)
Ricky Wow invested $20 000 and the interest was compounded bi-monthly. If this sum... (answered by ikleyn,josmiceli,greenestamps)
Suppose you invest $82,000.00, and it earns 9% annual interest, compounded 12 times per... (answered by josgarithmetic)
Find the balance (to the nearest cent) if 24, 000 is invested at an annual interest rate... (answered by stanbon)
Susan invests R45 000 at a simple interest rate of 6% per year. Two years later, she adds (answered by )
If $1,000 is invested now, $1,500 two years from now, and $2,000 four years from not at... (answered by JBnovelwriter,MathTherapy)
"If an investment of $2000 grows to $2814.20 in seven years with interest compounded... (answered by Boreal,MathTherapy)
A man makes a deposit of $50,000 into an account that pays an annual interest of 5%. How... (answered by math_tutor2020)
how long, to the nearest year, will an investor have to invest R 20 000 to grow to R24... (answered by josgarithmetic)