almassarkizsm41 almassarkizsm41

02-06-2022
Mathematics

contestada

Carlos invests $4540 at a rate of r% per year compound interest.
At the end of 10 years he has earned $1328.54 in interest.
Calculate the value of r.

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itzyourlocalpuppyu itzyourlocalpuppyu

02-06-2022

Answer:

Initial balance$1000

interest rate 8%

Term 20yrs

Step-by-step explanation:

The final balance is $4,926.8.The total compound interest is $3,926.8.

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