Use the compound interest formula A P(1 ry to find the annual interest rate, r, if...

Question

Question

Use the compound interest formula A P(1 ry to find the annual interest rate, r, if in 2 years an investment of $6,000 grows to $7,260 The rate is %.

math algebra

Answer 1

Answer #1

Sol: A=1260, t 卩26000, 2 → 7260 = 6000 (HY) 126a 12 lo Io l 0

Answer 2

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