Question 1203219: what is the (compounded weekly) should you invest if you would like to grow $3624.84 to $4275 in 92 weeks?
Found 2 solutions by ikleyn, josgarithmetic:
Answer by ikleyn(52781)   (Show Source):
You can put this solution on YOUR website! .
First, from the problem's formulation, it is unclear, if the question is about one-time deposit or weekly deposits.
Second, the APY (annual percentage yield) is not given, and without this info, the problem can not be solved, at all.
Do you try to compose problems on your own ?
For it, a composer should, at least, know the subject, know the terms and use them correctly.
Answer by josgarithmetic(39617)  (Show Source):
You can put this solution on YOUR website! Something is wrong with how you wrote the question. You ask for two things or one thing?
You started in asking what is the interest rate.
Maybe you have this:
What is the interest rate, comounded weekly if you want $3624.84 to grow to $4725 in 92 weeks?
r for weekly interest rate as decimal number
Solve for r.
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