Answered

Get personalized answers to your unique questions on IDNLearn.com. Ask anything and get well-informed, reliable answers from our knowledgeable community members.

Carlos invests $4540 at a rate of r% per year compound interest.
At the end of 10 years he has earned $1328.54 in interest.
Calculate the value of r.

Sagot :

Itzyourlocalpuppyuidn

Answer:

Initial balance$1000

interest rate 8%

Term 20yrs

Step-by-step explanation:

The final balance is $4,926.8.The total compound interest is $3,926.8.

We appreciate your presence here. Keep sharing knowledge and helping others find the answers they need. This community is the perfect place to learn together. Your questions deserve reliable answers. Thanks for visiting IDNLearn.com, and see you again soon for more helpful information.