Question

At what annual interest rate must $137,000 be invested so that it will grow to be $475,000 in 14 years?​

Answer 1

Answer:

Here is the answer:

Step-by-step explanation:

P= $137000

T=14

Amount=$475000

SI=A-P= 475000-137000=338000

SI=P*R*T/100

338000=137000*14*R/100

R=17.62%

hope this helps you

Answer 2

Step-by-step explanation:

See the attached image above....

hope this will help you.....

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