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Marisa invests $1650 for 3 years, at which time her investment is worth $2262.7. What interest rate , compounded annually, would yield the same results? Found your answer to 2 decimal places.

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1650(1+i)^3 = 2262.7 

divide both sides by 1650, take the cube root, then subtract 1 to get i, the annual rate expressed as a decimal. 

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