SOLUTION: P dollars is invested at annual
interest rate r for 1 year. If the interest is compounded
semiannually, then the polynomial P(1+r/2)^2 represents the value of the investment afte
Algebra ->
Polynomials-and-rational-expressions
-> SOLUTION: P dollars is invested at annual
interest rate r for 1 year. If the interest is compounded
semiannually, then the polynomial P(1+r/2)^2 represents the value of the investment afte
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Question 263110: P dollars is invested at annual
interest rate r for 1 year. If the interest is compounded
semiannually, then the polynomial P(1+r/2)^2 represents the value of the investment after 1 year. Rewrite this expression
without parentheses. Evaluate the polynomial if
P = $200 and r = 10%. Answer by drk(1908) (Show Source):
You can put this solution on YOUR website! The amount is expressed as
step 1 - divide by P to get
step 2 take a square root to get
step 3 - subtract 1 to get
step 4 - multiply by 2 to get
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P = $200 ; r = 10%.
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which is
and then
(