Find the best solutions to your problems with the help of IDNLearn.com. Get prompt and accurate answers to your questions from our experts who are always ready to help.

Find the interest rate for the given deposit and compound amount. $4200 accumulating to $5994.74, compounded monthly for 7 years. The interest rate is ___%. (Do not round until the final answer. Then round to the nearest hundredth as needed.)

Sagot :