document.write( "Question 917153: Kara plans to invest $7,500 into an account with the interest compounded monthly. According to the bank officer, her balance will be $10,325 after 10 years. How do you determine the interest rate for her account using the compound interest formula?\r
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Algebra.Com's Answer #556559 by ewatrrr(24785)\"\" \"About 
You can put this solution on YOUR website!
In General \"A%28t%29+=+P%281%2Br%2Fn%29%5E%28nt%29\"
\n" ); document.write( "A = Accumulated Amount
\n" ); document.write( "P= principal =
\n" ); document.write( "r= annual rate = .
\n" ); document.write( "n= periods per year = 12
\n" ); document.write( "t= years = 10
\n" ); document.write( "\"10325%2F7500+=+%281%2Br%2F12%29%5E%2812%2A10%29\"\r
\n" ); document.write( "\n" ); document.write( "\"10325%2F7500+=+%281%2Br%2F12%29%5E%28120%29\"
\n" ); document.write( "\"root%28120%2C+%2810325%2F7500%29%29+\"= 1 + r/12\r
\n" ); document.write( "\n" ); document.write( "\"12%28root%28120%2C+%2810325%2F7500%29%29+-1%29\" = r
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