Yahoo Answers is shutting down on May 4th, 2021 (Eastern Time) and beginning April 20th, 2021 (Eastern Time) the Yahoo Answers website will be in read-only mode. There will be no changes to other Yahoo properties or services, or your Yahoo account. You can find more information about the Yahoo Answers shutdown and how to download your data on this help page.

Trending News

Promoted
George
George asked in Business & FinanceInvesting · 1 year ago

If you invest $5000, determine the interest rate p.a if total amount is $7500 after 5 years and if interest is compounded quarterly:?

4 Answers

Relevance
  • Bryce
    Lv 7
    1 year ago
    Favorite Answer

    7500= 5000(1 + r/4)^20

    1.5= (1 + r/4)^20

    r ≈ 0.0819= 8.19%

  • Don G
    Lv 7
    1 year ago

    8.2%.......................................

  • zman492
    Lv 7
    1 year ago

    7.17734625362931642130063250233%

  • Anonymous
    1 year ago

    dishonest homework cheater.

Still have questions? Get your answers by asking now.