What interest rate must your bank offer if you want your $2,730 invested today to grow to $3,470 in 3 years? Round to two places past the decimal point.

Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter11: Capital Budgeting Decisions
Section: Chapter Questions
Problem 8EA: You put $250 in the bank for S years at 12%. A. If interest is added at the end of the year, how...
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What interest rate must your bank offer if you want your $2,730 invested today to grow to $3,470 in 3 years? Round to two places past the decimal point.
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