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[ 0 / 0 . 8 3 Points ] TAMUBUSMATH 6 . 1 . 0 0 5 . 4 / 6 Submissions Used If $

[0/0.83 Points] TAMUBUSMATH 6.1.005.4/6 Submissions Used
If $3,000 ievented in a bank account for 9 years, compounded quarterty, amounts to 53,870.21, what is the aneual interest rate paid by the account? Round your answer to four decimal places, after writing the rate as a percentage.
The annual interest rate paid by the account is %.
[ 0 / 0 . 8 3 Points ] TAMUBUSMATH 6 . 1 . 0 0 5

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