Question 882730
 In General {{{A = P(1+r/n)^(nt)}}}
A = Accumulated Amount = 7959
P= principal = 4300
r= annual rate = .
n= periods per year = 1 (annually)
t= years = 8
7959/4300 = {{{(1+r)^(8)}}}
{{{root(8, 7959/4300) - 1 = 1.08 - 1 = .08 = r}}} rate is 8%