An initial deposit of $13,700 was made into an account that compounds interest quarterly. No other deposits were made. At the end of 12 years, the balance in the account had doubled. Find the interest rate on this account.
+3
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “An initial deposit of $13,700 was made into an account that compounds interest quarterly. No other deposits were made. At the end of 12 ...” in 📗 Mathematics if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Home » Mathematics » An initial deposit of $13,700 was made into an account that compounds interest quarterly. No other deposits were made. At the end of 12 years, the balance in the account had doubled. Find the interest rate on this account.