Ali invested 5000 Rials in a saving account that paid quarterly had accumulated to 6539.96 interest. After 6 years the money Rials. What was the annual interest rate?

Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
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Ali invested 5000 Rials in a saving account that paid quarterly
the money
interest. After 6
had accumulated to 6539.96
years
Rials. What was the annual interest rate?
Select one:
О a. 0.045%
O b. 4.57%
Oc. 5.74%
Od 14.3%
O e.
0.287°
o t. 4.5°o
Og 2.879o
Oh 004579.
Transcribed Image Text:Ali invested 5000 Rials in a saving account that paid quarterly the money interest. After 6 had accumulated to 6539.96 years Rials. What was the annual interest rate? Select one: О a. 0.045% O b. 4.57% Oc. 5.74% Od 14.3% O e. 0.287° o t. 4.5°o Og 2.879o Oh 004579.
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