Question 1089785

Harry deposits $3600 in an account that pays 8% simple interest, and $4500 in a second account which has a higher interest rate but is more risky. What interest rate must he get on the second account in order to earn at least $700 in interest for one year?

Write your answer as a percent, round your answer to two decimal places.

Let '<=' represent < and '>=' represent > in the drop down box below:
<pre>Correct answer: {{{highlight_green(matrix(1,9, Interest, rate >= .0916, ",", or >= "9.16%", ",", rounded, up, from, 0.091555556))}}}
Accept no other answer!