document.write( "Question 42322: a gift of $5000.00 to a city grew to 3,000,000 in 200 years. at what interest rate compounded annually would this growth occur?The interest rate would be what %? \n" ); document.write( "

Algebra.Com's Answer #27461 by Nate(3500) $\"\"$ $\"About$

You can put this solution on YOUR website!
$\"P%28a%29+=+a%281+%2B+r%29%5E%28t%29\"$
\n" ); document.write( " $\"3000000+=+5000%281+%2B+r%29%5E%28200%29\"$
\n" ); document.write( " $\"600+=+%281+%2B+r%29%5E%28200%29\"$
\n" ); document.write( " $\"600%5E%281%2F200%29+=+1+%2B+r\"$
\n" ); document.write( " $\"600%5E%281%2F200%29+-+1+=+r\"$
\n" ); document.write( "About 0.0325, so about 3.3%. \n" ); document.write( "

\n" );