document.write( "Question 1054462: what interest rate would be necessary to obtain $7500 in 4 years if $5000 is the original investment and the interest is compounded yearly? \n" ); document.write( "

Algebra.Com's Answer #669702 by Fombitz(32388) $\"\"$ $\"About$

You can put this solution on YOUR website!
$\"7500=5000%281%2Bi%29%5E4\"$
\n" ); document.write( " $\"%281%2Bi%29%5E4=3%2F2\"$
\n" ); document.write( " $\"1%2Bi=%283%2F2%29%5E%281%2F4%29\"$
\n" ); document.write( " $\"i=%283%2F2%29%5E%281%2F4%29-1\"$
\n" ); document.write( " $\"i=10.67\"$
\n" ); document.write( "10.67% \n" ); document.write( "

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