SOLUTION: Bert invests 790 dollars now, and 550 dollars in 5 years. Ten years after the first investment, the accumulated value of the combined investments is 3800 dollars. What are the poss

Algebra ->  Finance -> SOLUTION: Bert invests 790 dollars now, and 550 dollars in 5 years. Ten years after the first investment, the accumulated value of the combined investments is 3800 dollars. What are the poss      Log On


   



Question 1206520: Bert invests 790 dollars now, and 550 dollars in 5 years. Ten years after the first investment, the accumulated value of the combined investments is 3800 dollars. What are the possible effective rates of interest? (If you find more than one, list them separated by commas.)
Answer =
percent.

Answer by ikleyn(52832) About Me  (Show Source):
You can put this solution on YOUR website!
.

a TWIN problem was solved today at this forum under the link

https://www.algebra.com/algebra/homework/word/finance/Money_Word_Problems.faq.question.1206523.html


Consider it as your TEMPLATE and solve this current problem in the same way,
following the same methodology.