SOLUTION: p=dollars. r=rate of interest compounded anually. A= accummulated at the end of t years given by the formula. A=p(1+r)^t. George invested $150.00 at a certian rate of inte

Question 526413: p=dollars. r=rate of interest compounded anually. A= accummulated at the end of t years given by the formula. A=p(1+r)^t.
George invested $150.00 at a certian rate of interest compounded anually for two years. If the accumulated value at the end of two years is $175.00, find the rate of interest.
Answer by josmiceli(19441) (Show Source): You can put this solution on YOUR website!

given:

Take the square root of both sides

The interest rate is 8%
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