SOLUTION: pg. 287 90) CD rollover. Ronnie invested P dollars in a 2-year CD with an annual rate of return of r. After the CD rolled over three times, its value was P(1 + r)^2)^3. Which law

Question 118083: pg. 287
90) CD rollover. Ronnie invested P dollars in a 2-year CD with an annual rate of return of r. After the CD rolled over three times, its value was P(1 + r)^2)^3. Which law of exponents can be used to simplify the expression? simplify it.
answer: power rule P(1+r)^6
Answer by josmiceli(19441) (Show Source): You can put this solution on YOUR website!
This is an example of the following rule:

This is easily demonstrated.
Suppose , , , then

This is the same as
The problem is
which I just showed
is true by analogy
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