Honeeluv Honeeluv

02-11-2021
Mathematics

contestada

Use the formula A = P(1 + r)" to solve.

Find the rate at which $9,600 compounded annually grows to $20,184 in 2 years.

Respuesta :

Аноним Аноним

02-11-2021

Answer:

Rate = 0.45 or 45%.

Step-by-step explanation:

20184 = 9600(1 + r)^2

(1 + r)^2 = 20184/9600 = 2.1025

Taking square roots of both sides:

1 + r = 1.45

r = 1.45 - 1 = 0.45.

Answer Link

Otras preguntas

What is the velocity of an object that has a mass of 2.5 kilogram and a momentum of 1,000 kg·m/sec?

what is the percent notation for 6.4%

How do you say" leave me alone" in Spanish

find the value of x to the nearest whole number. Tan x(degree) = 1.732

what is the difference between closed-end credit and open-end credit

How did rationing support the war effort in ww2?

ray wants the larger of two aquariums.One aquarium has 20 in. by 20 in. and has a height of 18 inches.The other aquarium has a base that is 40 in. by 12in. and

4x^2-28x+49=5 solve the quadratic by completing the square

What caused Portugal to finallywithdraw from its African colonies?

what british policy did american colonists protest at the boston tea party