Bruno deposited $7,500 into an investment account and seven years later, the balance in the account was $10,910. What is the rate of return on this investment if interest is compounded annually?
A) 45.5%
B) 6.5%
C) 6.0%
D) 5.5%

Question

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The Answer of Bruno deposited $7,500 into an investment account and seven years later, the balance in the account was $10,910. What is the rate of return on this investment if interest is compounded annually?
A) 45.5%
B) 6.5%
C) 6.0%
D) 5.5%

Bruno Deposited $7,500 into an Investment Account and Seven Years