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QUESTION
If $6200 is invested in a savings account for which interest is compounded semiannually, and if the $6200 turns into $7100 in 3 years, what is the interest rate of the savings account? A.14.02% B. 3.
If $6200 is invested in a savings account for which interest is compounded semiannually, and if the $6200 turns into $7100 in 3 years, what is the interest rate of the savings account?
A.14.02% B. 3.42% C. 6.89% D.4.57%
