document.write( "Question 108305: A principal of $5000 was invested in a savings account for 4 years.
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document.write( "If the interest earned for the period was $400, what was the annual interest rate?
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Algebra.Com's Answer #78963 by Fombitz(32388)![]() ![]() You can put this solution on YOUR website! I'm assuming compound interest, annually for 4 years. \n" ); document.write( " \n" ); document.write( "Where A is the value at the end of 4 years. \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "The interest rate is 1.94%. \n" ); document.write( " |