document.write( "Question 635385: You invest $2,500 at an interest rate that is compounded annually. After 8 years, your principal has increased to $3,046.01. What percent is the interest rate? \n" ); document.write( "
Algebra.Com's Answer #400285 by reviewermath(1029)\"\" \"About 
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\"+2500%281%2Br%29%5E8+=+3046.01\"
\n" ); document.write( "\"%281%2Br%29%5E8+=+3046.01%2F2500\"
\n" ); document.write( "\"+%281%2Br%29+=+%283046.01%2F2500%29%5E%281%2F8%29\"
\n" ); document.write( "\"+r+=+%283046.01%2F2500%29%5E%281%2F8%29-+1\"
\n" ); document.write( "The interest rate is r = 2.5%
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