B Bob J New member Nov 14, 2010 #1 $4000 grew to $4300 after a period of 6 months. What interest rate did it earn, if interest was compounded monthly? Answer is 14.52%. I am saying this because when i asked this last time most people got it wrong!
$4000 grew to $4300 after a period of 6 months. What interest rate did it earn, if interest was compounded monthly? Answer is 14.52%. I am saying this because when i asked this last time most people got it wrong!
