document.write( "Question 185731: a=p(1+r/n)^nt
\n" ); document.write( "5000=250(1+r/4)^40
\n" ); document.write( "? I don't know where to go from here.
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Algebra.Com's Answer #139379 by jim_thompson5910(35256)\"\" \"About 
You can put this solution on YOUR website!
I'm assuming that you want to solve for \"r\" right? If so, then I'll start where you left off.\r
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\n" ); document.write( "\n" ); document.write( "\"5000=250%281%2Br%2F4%29%5E40\" Start with the given equation\r
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\n" ); document.write( "\n" ); document.write( "\"5000%2F250=%281%2Br%2F4%29%5E40\" Divide both sides by 250\r
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\n" ); document.write( "\n" ); document.write( "\"20=%281%2Br%2F4%29%5E40\" Reduce\r
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\n" ); document.write( "\n" ); document.write( "\"root%2840%2C20%29=1%2Br%2F4\" Take the 40th root of both sides (this is probably where you got stuck)\r
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\n" ); document.write( "\n" ); document.write( "\"1.0778=1%2Br%2F4\" Evaluate the 40th root of 20 to get roughly 1.0778\r
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\n" ); document.write( "\n" ); document.write( "\"1.0778-1=r%2F4\" Subtract 1 from both sides.\r
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\n" ); document.write( "\n" ); document.write( "\"0.0778=r%2F4\" Subtract\r
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\n" ); document.write( "\n" ); document.write( "\"0.0778%2A4=r\" Multiply both sides by 4 to isolate \"r\"\r
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\n" ); document.write( "\n" ); document.write( "\"0.3112=r\" Multiply\r
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\n" ); document.write( "\n" ); document.write( "So the answer is \"r=0.3112\" which means that the interest rate is 31.12% (just multiply by 100 to get a percentage)
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