Question
Asked Jan 9, 2020
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Bertha invests $10,000 for 8 years which results in an account balance of $24,759.63. What was her compound rate of return. 

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Expert Answer

Step 1

Given Bertha invested $10,000 for 8 years which resulted in an account balance of $24,759.63.

Calculus homework question answer, step 1, image 1
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Step 2

Note:

Calculus homework question answer, step 2, image 1
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Step 3

Given the compounding is annually and it is for 8 yea...

Calculus homework question answer, step 3, image 1
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