A Principal Of $5000 Was Invested In A Savings Account For 4 Years. If The Interest Earned For The Period Was

2 Responses to A Principal Of $5000 Was Invested In A Savings Account For 4 Years. If The Interest Earned For The Period Was

1. mister ed says:

   October 4, 2009 at 4:05 pm

   almost 2%!!!
2. Rachel says:

   October 4, 2009 at 6:05 pm

   5400 = 5000*(1+x)^4
   I get x = .01943, so 1.943%