P=
500(1.035)"
The value, P, in dollars, of $500 invested in an account earning interest at a constant rate,
compounded annually, after n years is given by the equation shown above, assuming no
additional investments or withdrawals are made. What is the annual interest rate on the account,
in percent? (Ignore the % symbol when entering your answer. For example, if the answer is
11.2%, enter 11.2.)
Answer:
%