document.write( "Question 859983: Find the required annual interest rate to the nearest tenth of a percent for $1100 to grow to 1700 if interest is compounded quarterly by 7 years. \n" ); document.write( "

Algebra.Com's Answer #518746 by Fombitz(32388) $\"\"$ $\"About$

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$\"1700=1100%281%2Bi%29%5E%284%2A7%29\"$
\n" ); document.write( " $\"%281%2Bi%29%5E28=1.5454\"$
\n" ); document.write( " $\"1%2Bi=1.01567\"$
\n" ); document.write( " $\"i=.01567\"$ Quarterly interest
\n" ); document.write( " $\"i%5Ba%5D=4i=4%280.01567%29=4.062\"$
\n" ); document.write( " $\"i%5Ba%5D=4.1\"$ \r
\n" ); document.write( "\n" ); document.write( " \n" ); document.write( "

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