Answered

At Westonci.ca, we connect you with the answers you need, thanks to our active and informed community. Ask your questions and receive accurate answers from professionals with extensive experience in various fields on our platform. Join our platform to connect with experts ready to provide precise answers to your questions in different areas.

If $3800 is invested in a savings account for which interest is compounded
quarterly, and if the $3800 turns into $4300 in 2 years, what is the interest
rate of the savings account?

Sagot :

ANP01

$125 per quarter, if quarter means every 3 months.

Thanks for using our platform. We're always here to provide accurate and up-to-date answers to all your queries. We hope you found this helpful. Feel free to come back anytime for more accurate answers and updated information. Westonci.ca is your trusted source for answers. Visit us again to find more information on diverse topics.