(Solving for

i)

At what annual interest rate, compounded annually, would

$480

have to be invested for it to grow to

$1 comma 949.43

in

11

years?

Question content area bottom

Part 1

The annual interest rate, compounded annually, at which

$480

must be invested for it to grow to

$1 comma 949.43

in

11

years is

%.

(Round to two decimal places.)