document.write( "Question 256875: amount invested: $800 number of compounding periods: 360 annual rate:? accumulated amount: 1200 time (t) in years: 2\r
\n" ); document.write( "\n" ); document.write( "r=?\r
\n" ); document.write( "\n" ); document.write( "do not round until final answer. then round one decimal place as needed
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Algebra.Com's Answer #188922 by drk(1908)\"\" \"About 
You can put this solution on YOUR website!
The formula we need is
\n" ); document.write( "\"A+=+P%281+%2B+r%2Fn%29%5E%28nt%29\"
\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( "\"1200+=+800%281+%2B+r%2F360%29%5E%28360%2A2%29\"
\n" ); document.write( "we get
\n" ); document.write( "\"1200+=+800%281+%2B+r%2F360%29%5E%28720%29\"
\n" ); document.write( "divide by 800 to get
\n" ); document.write( "\"1.5+=+%281%2Br%2F360%29%5E720\"
\n" ); document.write( "raise both sides to 1/720 power to get
\n" ); document.write( "\"1.5%5E%281%2F720%29+=+%281%2Br%2F360%29\"
\n" ); document.write( "multiply by 360 to get
\n" ); document.write( "\"360%2A1.5%5E%281%2F720%29+=+360+%2B+r\"
\n" ); document.write( "subtract 360 to get
\n" ); document.write( "\"360%2A1.5%5E%281%2F720%29+-+360+=+r\"
\n" ); document.write( "r ~ .2028 ~ 20.28%
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