Solve the problem.If money is invested for 3 years with interest compounded annually, the future value of the investment varies directly as the cube of 1 + r, where r is the interest rate. If the future value of the investment is $9317.00 when the rate is 10%, what rate gives a future value of $8575.30? Round to the nearest whole percent.

A. 6%
B. 8%
C. 7%
D. 9%


Answer: C

Mathematics

You might also like to view...

Estimate. Then find the actual product.(71.61)(19.21)

A. Estimate: 1410; Actual: 1374.6281 B. Estimate: 140; Actual: 13,756.281 C. Estimate: 1400; Actual: 1375.6281 D. Estimate: 140; Actual: 137.56281

Mathematics

Graph y= -3sinx

Mathematics

Graph the function.f(x) = 2x(x + 2)(x - 1)

A.

B.

C.

D.

Mathematics

Factor completely. If the polynomial cannot be factored, write "prime." 4x2 + 4x - 24

A. (4x + 8x)(x - 3) B. 4(x - 2)(x + 3) C. 4x(x + 2y)(x - 3y) D. Prime

Mathematics