if 680 is worth 69870 after three months what interest rate was charged question content area bo

Name: if 680 is worth 69870 after three months what interest rate was charged question content area bottom part 1 the interest rate was enter your response here round the final answer to the nearest cent as
Uploaded: 2023-07-16T17:23:17-08:00
Duration: 1 min 30 s
Channel: Benjamin Densmore
Description: if 680 is worth 69870 after three months what interest rate was charged question content area bottom part 1 the interest rate was enter your response here round the final answer to the nearest cent as

First, we need to find out how much interest was earned. We do this by subtracting the original

Question

If $680 is worth $698.70 after three months, what interest rate was charged? The interest rate was %. (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)

          If $680 is worth $698.70 after three months, what interest rate was charged?

The interest rate was %. 
(Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)

Added by Jasvir S.

Calculus: Early Transcendentals

James Stewart 8th Edition

Instant Answer

Solved by Expert Benjamin Densmore

07/16/2023

Step 1

We do this by subtracting the original amount from the final amount. $698.70 - $680 = $18.70 This means that $18.70 was earned in interest over three months. Show more…

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If $680 is worth $698.70 after three months, what interest rate was charged? The interest rate was %. (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)