George invested $4400 in an account with annually compounded interest. After 5 years, he had $5790 in the account. What was the interest rate of the account? Round your answer to one decimal place. Do not write the percent sign.

Intermediate Algebra
19th Edition
ISBN:9780998625720
Author:Lynn Marecek
Publisher:Lynn Marecek
Chapter10: Exponential And Logarithmic Functions
Section: Chapter Questions
Problem 443RE: Elise invests $4500 in an account that compounds interest monthly and earns 6%. How long will it...
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George invested $4400 in an account with annually compounded interest. After 5 years, he had $5790 in the account. What was the interest rate of the account? Round your answer to one decimal place. Do not write the percent sign.

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