document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=676722>Question 676722</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Carlos invested $3,000 in a money market mutual fund that pays interest on a daily basis. The balance in his account at the end of 8 mo (245 days) was $3,183. Find the effective rate at which Carlos's account earned interest over this period (assume a 365-day year).<BR>\n" );
document.write( "A) 9.11%.<BR>\n" );
document.write( "B) 9.21%.<BR>\n" );
document.write( "C) 6.09%.<BR>\n" );
document.write( "D) 6.29%. </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #420474 by </B><A HREF=/tutors/aboutme.mpl?userid=rfer><B>rfer(16322)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=rfer><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/images/nopicture.jpg><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=420474\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> A 9.11% </SPAN>\n" );
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