SOLUTION: The Morenos invest $10,000 in an account that grows to $12,000 in 5 years. What is the annual interest rate r if interest is compounded quarterly?

Question 1055166: The Morenos invest $10,000 in
an account that grows to $12,000 in 5 years. What
is the annual interest rate r if interest is
compounded quarterly?
Answer by ewatrrr(24785) (Show Source): You can put this solution on YOUR website!
In General
A = Accumulated Amount
P= principal =
r= annual rate = .
n= periods per year =
t= years =

1.2 =

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