Looking for trustworthy answers? Westonci.ca is the ultimate Q&A platform where experts share their knowledge on various topics. Get detailed and precise answers to your questions from a dedicated community of experts on our Q&A platform. Explore comprehensive solutions to your questions from knowledgeable professionals across various fields on our platform.

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 :

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.