document.write( "Question 1153405: Matthew received $765 interest over 4 years when he invested $3800 in an account paying compound interest with monthly rests. What interest rate was paid? \n" ); document.write( "
Algebra.Com's Answer #775990 by josgarithmetic(39630) ![]() You can put this solution on YOUR website! 4 years holds 48 monthly compounding periods.\r \n" ); document.write( "\n" ); document.write( "r, monthly interest rate, as a decimal\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "Total balance, \n" ); document.write( "Total balance , \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( " |