Ask Question
19 May, 10:05

Your initial investment of $20,000 doubles after 10 years. If

the bank compounds interest quarterly, what is your interest

rate?

+3
Answers (1)
  1. 19 May, 10:09
    0
    2,000

    20,000 * 10 / 100

    this is the answer and this is how to solve it
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Your initial investment of $20,000 doubles after 10 years. If the bank compounds interest quarterly, what is your interest rate? ...” 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.
Search for Other Answers