Alpha, Inc. is saving money to build a new factory. Six years ago they set aside $250,000 for this purpose. Today, that account is worth $306,958. What rate of interest is Alpha earning on this
Money?
A) 3.43%
B) 3.45%
C) 3.48%
D) 3.52%
E) 3.55%

Question

Quizplus · Accepted Answer

The Answer of Alpha, Inc. is saving money to build a new factory. Six years ago they set aside $250,000 for this purpose. Today, that account is worth $306,958. What rate of interest is Alpha earning on this
Money?
A) 3.43%
B) 3.45%
C) 3.48%
D) 3.52%
E) 3.55%