Julie invested $148,000 in a simple interest account. After 12 years and no additional deposits or withdrawals, the account balance was $210,160. Find the interest rate for the account. Enter the percent with the percent symbol. If the percent is not a whole value, enter it as a decimal where the last digit is not zero and there is a zero before the decimal point for values less than 1. For example, if the answer is .35%, 0.35% should be entered. Round the percent to the nearest thousandth of a percent if needed.
Julie invested $148,000 in a simple interest account. After 12 years and no additional deposits or withdrawals, the account balance was $210,160. Find the interest rate for the account. Enter the percent with the percent symbol. If the percent is not a whole value, enter it as a decimal where the last digit is not zero and there is a zero before the decimal point for values less than 1. For example, if the answer is .35%, 0.35% should be entered. Round the percent to the nearest thousandth of a percent if needed.
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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Julie invested $148,000 in a simple interest account. After 12 years and no additional deposits or withdrawals, the account balance was $210,160. Find the interest rate for the account.
Enter the percent with the percent symbol. If the percent is not a whole value, enter it as a decimal where the last digit is not zero and there is a zero before the decimal point for values less than 1. For example, if the answer is .35%, 0.35% should be entered. Round the percent to the nearest thousandth of a percent if needed.
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