SOLUTION: Can you please help me answer this problem? Thank you :) When the amount of (p) is invested at annual interest rate (r) compounded for (t) years, it will grow to an amount (a) g

Question 979318: Can you please help me answer this problem?
Thank you :)
When the amount of (p) is invested at annual interest rate (r) compounded for (t) years, it will grow to an amount (a) given by the formula
A=P(1+r)^t
1 find the interest rate if php 30,000 compounded annually to php 33,765 in four years?
2 find the interest rate if php 50,000 compounded annually grows to php 55,204 in five years
I hope anyone can help me solve this problem.
Thank you in advance :)
Answer by Alan3354(69443) (Show Source): You can put this solution on YOUR website!
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