Rasmus has 5000 dollars that he wants to invest. His bank has several investment accounts to choose from, all compounded 4 times per year. His goal is to have 14000 dollars in 4. To the nearest hundredth of a percent, what should his minimum annual interest rate be in order to reach his goal? Submit Question

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Equations and Inequations

Equations and inequalities describe the relationship between two mathematical expressions.

Linear Functions

A linear function can just be a constant, or it can be the constant multiplied with the variable like x or y. If the variables are of the form, x2, x1/2 or y2 it is not linear. The exponent over the variables should always be 1.