If 40 000 accumulates to 100 000 in 10 years find the interest rate if it is compounded quarterly, hello po patulong po , if hindi po related irereport ko po yung sagot , advance thanks

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If 40 000 accumulates to 100 000 in 10 years find the interest rate if it is compounded quarterly


hello po patulong po
if hindi po related irereport ko po yung sagot
advance thanks​

Answer:

r = n(A/P)1/nt – 1

r = 4 × (100,000.00/40,000.00)1/(4)(10) – 1

r = 0.0926868

Then convert r to R a percentage

R = r * 100

R = 0.0926868 * 100

R = 9.269%/year

Summary:

The interest rate required to get

a total amount of 100,000.00 from

compound interest on a principal of 40,000.00

compounded 4 times per year

over 10 years

is 9.269% or 9.27% per year.

Step-by-step explanation:

pabrainliest

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