Mohal is going to invest $830 and leave it in an account for 8 years. Assuming the interest is compounded daily, what interest rate, to the nearest hundredth of a percent, would be required in order for Mohal to end up with $1,110?

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05-12-2022
Mathematics

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Mohal is going to invest $830 and leave it in an account for 8 years. Assuming the interest is compounded daily, what interest rate, to the nearest hundredth of a percent, would be required in order for Mohal to end up with $1,110?

Sagot :

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Mohal is going to invest $830 and leave it in an account for 8 years. Assuming the interest is compounded daily, what interest rate, to the nearest hundredth of a percent, would be required in order for Mohal to end up with $1,110?

Sagot :

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