SOLUTION: At the end of two years, P dollars was invested at an interest rate compounded anually increases to the amount,A dollars. Find the interest rate if 2000 was increased to 2420 in 2
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Question 1135779: At the end of two years, P dollars was invested at an interest rate compounded anually increases to the amount,A dollars. Find the interest rate if 2000 was increased to 2420 in 2 years
Answer by josmiceli(19441) (Show Source): You can put this solution on YOUR website!
and
Take the square root of both sides
the rate is 10%
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