document.write( "Question 256875: amount invested: $800 number of compounding periods: 360 annual rate:? accumulated amount: 1200 time (t) in years: 2\r
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document.write( "r=?\r
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document.write( "do not round until final answer. then round one decimal place as needed \n" );
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Algebra.Com's Answer #188922 by drk(1908) ![]() You can put this solution on YOUR website! The formula we need is \n" ); document.write( " \n" ); document.write( "P = 800 \n" ); document.write( "n = 360 \n" ); document.write( "r = ? \n" ); document.write( "A = 1200 \n" ); document.write( "t = 2 \n" ); document.write( "So we, get \n" ); document.write( " \n" ); document.write( "we get \n" ); document.write( " \n" ); document.write( "divide by 800 to get \n" ); document.write( " \n" ); document.write( "raise both sides to 1/720 power to get \n" ); document.write( " \n" ); document.write( "multiply by 360 to get \n" ); document.write( " \n" ); document.write( "subtract 360 to get \n" ); document.write( " \n" ); document.write( "r ~ .2028 ~ 20.28% \n" ); document.write( " |