2 Questions on Finding the Annual Interest Rate When Given Certain Other Information (Both

2 Questions on Finding the Annual Interest Rate When Given Certain Other Information (Both

<p>Video: http://www.youtube.com/watch?v=s2MLYktN9DU  2 questions on finding the annual interest rate when given certain other information (both questions involve compounding annually).</p><p>1. Belinda deposited $2500 eight years ago. She made no further deposits or withdrawals, and today she has $3369.14 in her account. The interest was compounded annually. What was the interest rate?</p><p>2. Christina deposited $1700 four years ago. She never made any further deposits or withdrawals. Today she has $2027.28 in the account. Interest was compounded annually. What was the interest rate? Questions Like this Video</p><p>1. Svetlana deposited $2000 in a bank account that paid interest compounded annually. Fourteen years later, after no further deposits or withdrawals, the account contained $5504.89. What was the interest rate?</p><p>2. Kimberly deposited $3500 in a bank account, and nine years later there was $6221.32 in that account. She never made another deposit or withdrawal. If the interest was compounded annually, what was the annual interest rate?</p><p>3. Charlie deposited $7400 in a bank account, and fifteen years later there was $15384.07 in that account. The interest rate was compounded annually. What was the annual interest rate?</p>

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