SOLUTION: At what interest rate will $500 grow to $572.45 on 2 yrs?
using A = P(1+r)^2
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Question 968670: At what interest rate will $500 grow to $572.45 on 2 yrs?
using A = P(1+r)^2
Answer by MathLover1(20849) (Show Source): You can put this solution on YOUR website!
At what interest rate will $ grow to $ on yrs?
using , we have
or %
check:
first year
second year
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