Your accountant tells you that if you can continue to earn the current interest rate on your balance of $800 for the next two years you will have $898.88 in your account. If your accountant is correct what is the current interest rate?
A)6 percent
B)7 percent
C)8 percent
D)9 percent

Question

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The Answer of Your accountant tells you that if you can continue to earn the current interest rate on your balance of $800 for the next two years you will have $898.88 in your account. If your accountant is correct what is the current interest rate?
A)6 percent
B)7 percent
C)8 percent
D)9 percent

Your Accountant Tells You That If You Can Continue to Earn