Question
george invested $4400 in an account with annually compounded interest. after 5 years, he had $5790 in the account. what
was the interest rate of the account? round your answer to one decimal place. do not write the percent sign,

The rate of interest was approx 5.64%.

Step-by-step explanation:

The compound interest formula is :

Here p = 4400

r = ?

n = 1

t = 5

A = 5790

Now putting the values in formula we get;

=>

=>

=>

=>

r = 0.0564

In percentage it is = 5.64%

Hence, the rate of interest was approx 5.64%.

2 apples

step-by-step explanation:

taking away equals subtraction. 6-4=2