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MATH / Mr. Madoff invests 1000 dollars in a fund that compounds annually at a constant…

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problem

Mr. Madoff invests 1000 dollars in a fund that compounds annually at a constant interest rate.  After three years, his investment has grown to 1225 dollars.  What is the annual interest rate, as a percentage?  (Round your answer to the nearest integer.)

level

Level 4

type

Algebra

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task_id: b208b84d-bf99-548c-8dfb-9e742a3a2170
task_key: algebra--test--b208b84d-bf99-548c-8dfb-9e742a3a2170
task_revision_id: 2
config / split: algebra / test

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