After 10 years, the balance on a 10-year certificate of depo…
After 10 years, the balance on a 10-year certificate of deposit is $2,345. The original deposit was $1,100. What interest rate, compounded annually, did the bank pay? Express your answer as a percentage to 3 significant decimal places; i.e., X.xxx or XX.xxx. Do not enter the percentage sign (%).
Read Details