# SOLUTION: Can you help me solve this problem: $2500 grows to$2704 in 2 years. Use the formula A = P(1 + r)^t to find the interest rate.

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 Question 311086: Can you help me solve this problem: $2500 grows to$2704 in 2 years. Use the formula A = P(1 + r)^t to find the interest rate.Answer by solver91311(16897)   (Show Source): You can put this solution on YOUR website! Start with the given formula: Then plug in the values we know: Take the root (forget about the negative root, we certainly aren't looking for a negative interest rate): The arithmetic is yours to do. Ask your teacher/instructor/professor where to get this interest rate. Wow, I want a piece of that! John