WebDiana invested $61,293 in an account with a fixed annual percent of interest, compounding quarterly. At the end of five full years, she had $76,662.25 in principal plus interest. Approximately what was the annual percent rate of interest for this account? A. 1.2% B. …

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WebExample: Diana invested $61,293 in an account with a fixed annual percent of interest, compounding quarterly. At the end of five full years, she had $76,662.25 in principal plus interest. Approximately what was the annual percent rate of interest for this account? ~$15,000 of interest in 5 years --> $3,000 per year --> 3,000/60,000*100 = 5%. WebDiana invested $ 61,293 in an account with a fixed annual percent of interest , compounding quarterly . At the end of five full years , she had $ 76,662.25 in principal plus interest . Approximately what was the annual percent rate of interest for this account ? A. … dr jart night cream

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Web25.2%. First of all, 1% of $100,000 is $1000, and 12% is $12,000. Peter gets a lump sum of $12,000 at the end of the year, but that would be the equivalent of getting $1000 each month. First month: Martha makes $1000 in interest. At the end of that month, she has $100,000 + $1000, exactly on pace with Peter. WebDiana invested 61293 in an account with a fixed annual percent of interest. document. 69 pages. has 4 outlets at Banglore and one each at Hyedrabad Ahmedabad and Pune They are. document. 262 pages. la pulla chistosa dispone de todos los otros recursos del … WebApr 2, 2024 · Step-by-step explanation: We have been given that Diana invested $3000 in a savings account for 3 years. She earned $450 in interest over that time period. We are asked to find the interest rate using the following formula. , where, I = Amount of interest earned. P = Principal amount, r = Interest rate in decimal form, t = Time in years. dr jart nourishing beauty balm