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Ethan0schuyler:

Zoey opened a savings account four years ago with a deposit of $935.15. The interest on the account compounds monthly. If Zoey's current account balance is $1,128.16, what is the interest rate on the account?

563blackghost:

You need to use the compound interest formula. \(\large\bf{A=P(1+\frac{r}{n})^{nt}}\)

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