Carl has $1000 to invest. If he would like to have $1 - 500 at the end of three years - what should be the interest rate of the investment account? Round the final answer to the nearest hundredth percent.

🎲 Try a Random Question  |  Total Questions in Quiz: 63  |  🧠 Study this quiz with Flashcards
This question is part of a full practice quiz:
Introduction to Business Math — practice the complete quiz, review flashcards, or try a random question.


Carl has $1000 to invest. If he would like to have $1 - 500 at the end of three years - what should be the interest rate of the investment account? Round the final answer to the nearest hundredth percent.






ADVERTISEMENT