SOLUTION: find r A=P(1+r)^2 A= 1685.40 P= 1500

SOLUTION: find r A=P(1+r)^2 A= 1685.40 P= 1500

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Question 295421: find r
A=P(1+r)^2
A= 1685.40
P= 1500
Answer by stanbon(75887) (Show Source): You can put this solution on YOUR website!
find r
A=P(1+r)^2
A= 1685.40
P= 1500
-----
1685.4 = 1500(1+r)^2
1.1236 = (1+r)^2
1+r = sqrt(1.1236)
1+r = 1.06
r = 0.06
==================
Cheers,
Stan H.

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