document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=346550>Question 346550</A>: <I><SPAN STYLE=\"word-break: break-all;\"> An investment of $37,000 was deposited in the bank.  Interest was computed on a semi-annual basis and was kept there for 10 years.  If the maturity value of this investment is $74,000, at what interest rate was it invested? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #247754 by </B><A HREF=/tutors/aboutme.mpl?userid=mananth><B>mananth(16946)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=mananth><IMG SRC=http://www.algebra.com/images/aboutme-small.gif BORDER=0 alt=\"About Me\" VALIGN=MIDDLE></A>&nbsp;<IMG SRC=http://www.algebra.com/cgi-bin/show-face.mpl?user=mananth><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=247754\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> Investment = 37000<BR>\n" );
document.write( "FV= 74,000<BR>\n" );
document.write( "years = 10<BR>\n" );
document.write( "compunded semi annual =2 <BR>\n" );
document.write( "number of periods = 2*10 = 20<BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=r=%28FV%2FPV%29%5E%281%2Fn%29+-1 ALIGN=MIDDLE  ALT=\"r=%28FV%2FPV%29%5E%281%2Fn%29+-1\"   DISABLED_style= \"max-width:90%; height:auto;\" ><BR>\n" );
document.write( "r=<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=+%28%2874000%2F37000%29%5E%281%2F20%29%29-1%29 ALIGN=MIDDLE  ALT=\"+%28%2874000%2F37000%29%5E%281%2F20%29%29-1%29\"   DISABLED_style= \"max-width:90%; height:auto;\" ><BR>\n" );
document.write( "r=0.0352<BR>\n" );
document.write( "=7.052% /year </SPAN>\n" );
document.write( "</TD></TR></TABLE>\n" );