Daniel received a $1000 gift that he deposited in a savings bank that compounded interest quarterly. After 4 years of accumulating interest, the account had grown to $1372.79. What was the annual interest rate of the bank? (Round your final answer to the nearest percent.)

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1 Answer

start=1000$, end=1372.79$, 4 yeers

gro rate=8.243% if kompound per yeer

or 7.9479 if kompound month

**** the program me made tu du this dont du quarter
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