document.write( "Question 882730: At what interest rate must $4300 be compounded annually to equal $7959.00 after 8 years? (round to the nearest percent). \n" ); document.write( "
Algebra.Com's Answer #533021 by ewatrrr(24785)\"\" \"About 
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In General \"A+=+P%281%2Br%2Fn%29%5E%28nt%29\"
\n" ); document.write( "A = Accumulated Amount = 7959
\n" ); document.write( "P= principal = 4300
\n" ); document.write( "r= annual rate = .
\n" ); document.write( "n= periods per year = 1 (annually)
\n" ); document.write( "t= years = 8
\n" ); document.write( "7959/4300 = \"%281%2Br%29%5E%288%29\"
\n" ); document.write( "\"root%288%2C+7959%2F4300%29+-+1+=+1.08+-+1+=+.08+=+r\" rate is 8%
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