Interest Rate

[djdownfawl]

Find the interest rate needed for an investment of $7,000 to grow to $10,500 in 6 yr if interest is compounded monthly. (Round your answer to the nearest hundredth of a percentage point.)

 

[Deleted member 4993]

Find the interest rate needed for an investment of $7,000 to grow to $10,500 in 6 yr if interest is compounded monthly. (Round your answer to the nearest hundredth of a percentage point.)

Please share your work with us, indicating exactly where you are stuck - so that we may know where to begin to help you.

 

[djdownfawl]

idk how to start..

 

[Deleted member 4993]

Start with compound-interest-rate formula - if you don't know that one - look up in the text book - or google...