SOLUTION: Alexander deposited some money into an account with a fixed rate of interest, compounded annually. The growth of the investment is shown in the table to the right. What is the ann

Algebra ->  Finance -> SOLUTION: Alexander deposited some money into an account with a fixed rate of interest, compounded annually. The growth of the investment is shown in the table to the right. What is the ann      Log On


   



Question 1105335: Alexander deposited some money into an account with a fixed rate of interest, compounded annually. The growth of the investment is shown in the table to the right.
What is the annual rate of interest, to the nearest percent? What principal did Alexander invest?

Answer by Fombitz(32388) About Me  (Show Source):
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