document.write( "Question 152894: Hello,\r
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document.write( "Sorry to bother you again but I can seem to grasp the following to put into an equation. It from Practical Application of Quadratic Equations Solve the questions \r
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document.write( "A business invests $10,000 in a savings account for two years. At the beginning of the second year, an additional $3500 is invested. At the end of the second year, the account balance is $15,569.75. What was the annual interest rate? \r
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document.write( "Thank you,\r
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document.write( "Craig \n" );
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Algebra.Com's Answer #112418 by scott8148(6628)![]() ![]() You can put this solution on YOUR website! end of 1st yr __ 10000(1+r)\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "end of 2nd yr __ [10000(1+r)+3500](1+r)=15569.75\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "10000+10000r+3500+10000r+10000r^2+3500r=15569.75 __ subtracting 15569.75 __ 10000r^2+23500r-2069.75=0\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "use quadratic formula to find r\r \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "r=8.5% \n" ); document.write( " |