SOLUTION: At what rate percent compound interest does a sum of money become 2.25 times of itself in 2 years?

Algebra.Com
Question 852695: At what rate percent compound interest does a sum of money become 2.25 times of itself in 2 years?

Answer by ewatrrr(24785)   (Show Source): You can put this solution on YOUR website!
 
Hi,

A/P = 2.25, n = 1
2.25 = (1+r)^2 (Tossing out the negative solution for unit measure)
1.5 = (1+r)
.5 = r
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