A gift of $9000 to a city grew to $10,000,000 in 200 years. At what interest rate compounded annually would this growth occur?
A gift of $9000 to a city grew to $10,000,000 in 200 years. At what interest rate compounded annually would this growth occur?
Chapter2: Solving Linear Equations
Section2.2: Use A Problem Solving Strategy
Problem 2.53TI: Eduardo noticed that his new car loan papers stated that with a 7.5% simple interest rate, he would...
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Transcribed Image Text:A gift of $9000 to a city grew to $10,000,000 in 200 years. At what interest rate compounded annually would this
growth occur?
The interest rate would be %.
(Do not round until the final answer. Then round to the nearest hundredth as needed.)
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