SOLUTION: the formula A=P(1+r)2 gives the amount A in dollars that P dollars will grow to in 2 years at int rate R (where R is given as a decimal) using compound interest what int. rate will

Question 361010: the formula A=P(1+r)2 gives the amount A in dollars that P dollars will grow to in 2 years at int rate R (where R is given as a decimal) using compound interest what int. rate will cause $6000.00 to grow $6741.60 in 2 years ?
Answer by josmiceli(19441) (Show Source): You can put this solution on YOUR website!

given:

-----------

The interest rate is 6%
RELATED QUESTIONS
The formula A=P(1+r)^2 gives the amount A in dollars that P dollars will grow to in 2... (answered by Theo)

The formula A=P(1+r)^2 gives the amount A in dollars that P dollars will grow to in 2... (answered by Theo)

The formula A=P(1+r)^2 gives the amount A in dollars that P dollars will grow to in 2... (answered by josgarithmetic,ikleyn)

The formula A=P(1+r)^2 gives the amount A in dollars that P dollars will grow to in 2... (answered by josmiceli)

The formula A=P(1+r)^2 gives the amount of A in dollars that P will grow to in 2 years at (answered by ewatrrr)

the formula a=p(1+r)2 gives the amount A dollar that P dollars will grow to in 2 years at (answered by stanbon,nerdybill)

The formula A=P(1+r)^2 gives the amount A in dollars that P will grow to in 2 years at... (answered by ewatrrr)

The fromula A=P(1+r)^t gives the amount A in dollars that P dollars will grow to in two... (answered by nerdybill)

If an amount of money, called the principal, P, is deposited into an account that earns... (answered by ankor@dixie-net.com)