compound interest question

rilesbriles

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Dec 8, 2012
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At what interest rate must $4800 be compounded annually to equal $9051.12 after 13 yr? Round to nearest percent.
 
At what interest rate must $4800 be compounded annually to equal $9051.12 after 13 yr? Round to nearest percent.

Please state the compound interest formula that needs to be used here.


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