Ella is going to invest $800 and leave it in an account for 6 years. assuming the interest is compounded quarterly, what interest rate, to the nearest tenth of a percent, would be required in order for ella to end up with $1,160?

22

step-by-step explanation:

597

step-by-step explanation:

5

step-by-step explanation:

soo this can be solve by using the formula:

f = p( 1 + i)^ n

where f is the future profit

p is the initial profit

i is the percent increase

n is the number of years

a . f = 30000 ( 1.05)^n

b. f = 30000 ( 1.05)^15

f = $62,368