Ben Franklin's gift of $6,000 to New York City grew to $6,000,000 in 200 years. At what interest rate compounded annually would this growth occur? The interest rate would be %. (Round to the nearest hundredth.)

Ben Franklin's gift of $6,000 to New York City grew to $6,000,000 in 200 years. At what interest rate compounded annually would this growth occur? The interest rate would be %. (Round to the nearest hundredth.)

Algebra and Trigonometry (6th Edition)

6th Edition

ISBN:9780134463216

Author:Robert F. Blitzer

Publisher:Robert F. Blitzer

ChapterP: Prerequisites: Fundamental Concepts Of Algebra

Section: Chapter Questions

Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...

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