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.)

Elementary Algebra
17th Edition
ISBN:9780998625713
Author:Lynn Marecek, MaryAnne Anthony-Smith
Publisher:Lynn Marecek, MaryAnne Anthony-Smith
Chapter3: Math Models
Section: Chapter Questions
Problem 430PT: Melinda deposited $5,985 in a bank account with an interest rate of 1.9%. How much interest was...
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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.)
Transcribed Image Text: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.)
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