At what annual interest​ rate, compounded​ annually, would ​$510 have to be invested for it to grow to ​$1,893.19 in 11 ​years?

Financial Accounting Intro Concepts Meth/Uses
14th Edition
ISBN:9781285595047
Author:Weil
Publisher:Weil
ChapterA: Appendix - Time Value Of Cash Flows: Compound Interest Concepts And Applications
Section: Chapter Questions
Problem 18E
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​(Related to Checkpoint​ 5.6) ​ (Solving for
i​)
At what annual interest​ rate, compounded​ annually, would
​$510
have to be invested for it to grow to
​$1,893.19
in
11
​years?
The annual interest​ rate, compounded​ annually, at which
​$510
must be invested for it to grow to
​$1,893.19
in
11
years is
nothing​%.
​(Round to two decimal​ places.)
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