Answer:
(A) 5.24%
(B) 10.13%
Explanation:
To solve this we are going to use the the formula for compound interest
[tex]$Principal * (1 + rate)^{time} =$ Ammount[/tex]
We are going to post the know values to get the rate
time = 1,973-1,794 = 179
[tex]15 * (1 + rate)^{223} =$ 140,000 = 1.052395485[/tex]
rate = 5.2395%
and for the second period we are going to do the same
time = 2017 - 1973 = 44
[tex]140,000 * (1 + rate)^{44} =$ 9,786,000 = 1.101336254[/tex]
rate = 10.1336%