Dominic is going to invest $360 and leave it in an account for 19 years. Assuming the interest is compounded daily, what interest rate, to the nearest hundredth o percent, would be required foe Dominic to end up with $540?
Alright so firstly, we have to find did it change in 19 years? let's see...Well it says Invest $360 and leave it in an account for 19 years. So, Dominic would have to get more money to get to $560 so it's increasing.
540 - 360 = 180
So Dominic would need $180 more to get to $540. This took me a while so hope this helps you! ^^
