document.write( "Question 853072: Determine the interest rate necessary for $1500 to amount to $2075 in 6 years with interest compounded semi-annually \n" ); document.write( "
Algebra.Com's Answer #513875 by ewatrrr(24785)\"\" \"About 
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\n" ); document.write( "Hi,
\n" ); document.write( "\"A%28t%29+=+P%281%2Br%2Fn%29%5E%28nt%29\"
\n" ); document.write( "\"2075%2F1500+=+%281%2Br%2F2%29%5E%2812%29\"\r
\n" ); document.write( "\n" ); document.write( "\"root%2812%2C+2075%2F1500%29-+1\" = r/2
\n" ); document.write( " .0274 = r/2
\n" ); document.write( " .055 = r , rate is 5.5%
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