Mathematics, 09.02.2021 21:10 kcarstensen59070

Tinashe deposits 50 000 ZWD (Zimbabwean dollars) into an account where interest is compounded quarterly.
After 6 years in this account the investment is worth 63 865 ZWD.
Calculate the annual interest rate for this account.
Give your answer correct to 3 significant figures.

Answers: 1

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More questions: Mathematics Another questions

Tinashe deposits 50 000 ZWD (Zimbabwean dollars) into an account where interest is compounded quarterly. After 6 years in this account the investment is worth 63 865 ZWD. Calculate the annual interest rate for this account. Give your answer correct to 3 significant figures.

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Another question on Mathematics

Tinashe deposits 50 000 ZWD (Zimbabwean dollars) into an account where interest is compounded quarterly.
After 6 years in this account the investment is worth 63 865 ZWD.
Calculate the annual interest rate for this account.
Give your answer correct to 3 significant figures.