Question

If I have $6600 after investing $6000 for 5 years, what was the rate? (Write as a percent.)

Answer 1

Answer:

10%

Step-by-step explanation:

6600-6000=600

You've earned $600

600/6000 = 1/10 or 10%

Answer 2

Answer:

1.925%

Step-by-step explanation:

to check, use the equation $6000(1+.01925)^5$

this gives us the value of 6600.16.

please rate 5 stars and mark as brainlest.