An account invested in a money market fund grew from $73,250.57 to $73,543.58 in a month. What was the interest rate to the nearest tenth?What was the interest rate?%(Do not round until the final answer. Then round to the nearest tenth as needed.)

Answered: Image /qna-images/answer/e9e6403d-1d12-4181-aa19-5b253ccdbfa4.jpg

Answered: An account invested in a money market…

Advanced Engineering Mathematics

10th Edition

ISBN:9780470458365

Author:Erwin Kreyszig

Publisher:Erwin Kreyszig

Chapter2: Second-order Linear Odes

Section: Chapter Questions

Problem 1RQ

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An account invested in a money market fund grew from $73,250.57 to $73,543.58 in a month. What was the interest rate to the nearest tenth? What was the interest rate? % (Do not round until the final answer. Then round to the nearest tenth as needed.)