SOLUTION: The formula A=P(1+r)^2 gives the amount of A in dollars that P will grow to in 2 years at interest rate r (where r is given as a decimal) using compound interest. What interest rat
Algebra.Com
Question 879955: The formula A=P(1+r)^2 gives the amount of A in dollars that P will grow to in 2 years at interest rate r (where r is given as a decimal) using compound interest. What interest rate will cause $1000 to grow to 1092.03 in 2 years?
Answer by ewatrrr(24785) (Show Source): You can put this solution on YOUR website!
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 A in dollars that P dollars will grow to in 2... (answered by josmiceli)
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 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 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)