IDNLearn.com offers a unique blend of expert answers and community-driven insights. Get comprehensive answers to all your questions from our network of experienced experts.

If $3800 is invested in a savings account for which interest is compounded
quarterly, and if the $3800 turns into $4300 in 2 years, what is the interest
rate of the savings account?


Sagot :

$125 per quarter, if quarter means every 3 months.

Thank you for participating in our discussion. We value every contribution. Keep sharing knowledge and helping others find the answers they need. Let's create a dynamic and informative learning environment together. Find the answers you need at IDNLearn.com. Thanks for stopping by, and come back soon for more valuable insights.