Question

A business invests $10,000 in a savings account for two years. At the beginning of the second year, an additional $3500 is invested. At the end of the second year, the account balance is $15,569.75. What was the annual interest rate?

Answer 1

So the interest rate is 8.5%

Answer 2

how did you get that answer though

Answer 3

http://www.algebra.com/algebra/homework/quadratic/Quadratic_Equations.faq.question.155377.html

Answer 4

hello got it

Answer 5

yeah thx