Scott currently has an account balance of $2,147.39. He opened the account five years ago with a deposit of $1,852.10. If the interest compounds monthly, what is the interest rate on the account? (3 points) Select one: a. 0.2% b. 10.5% c. 3.0% d. 5.9%
Accepted Solution
A:
1852.10(1+x%)=2,147.391+x%=1.15x%=0.15so t it B i think