One year ago, you invested $1,800. Today it is worth $1,924.62. What annually compounded rate of interest did you earn?

6.92%

Explanation:

The computation of the annually compounded rate of interest is presented below:

Future value = Invested amount * (1 + rate) ^number of years

where,

Invested amount = $1,800

Rate = ?

Number of years = 1 year

The future value = $1,924.62

So, the rate is

$1,924.62 = $1,800 * (1 + rate) ^1

After solving this, the rate is 6.92%