Tara F.

asked • 06/02/15

Annual interest rate

Sally invests $4000 in a savings account which compounds interest monthly. After 10 years, she has a balance of $4,491.73. What is the annual interest rate of the account, rounded to the nearest 0.01%?

1 Expert Answer


William A. answered • 06/02/15

4.9 (972)

Seasoned College Prof Tutoring Algebra, Pre-Calc, Stats and Finance

Chelsea G.

how would you check this problem?


Still looking for help? Get the right answer, fast.

Ask a question for free

Get a free answer to a quick problem.
Most questions answered within 4 hours.


Find an Online Tutor Now

Choose an expert and meet online. No packages or subscriptions, pay only for the time you need.