document.write( "Question 979326: The lesson is all about extracting the roots so correct me if im in the wrong lessons...
\n" );
document.write( "But anyway hope anyone can solve my another question :)
\n" );
document.write( "When the amount of (p) is invested at annual interest rate (r) compounded for (t) years, it will grow to an amount (a) given by the formula\r
\n" );
document.write( "\n" );
document.write( "A=P (1+r)^t\r
\n" );
document.write( "\n" );
document.write( "1 Suppose php 20,000 is invested at an interested rate (r) compounded annually in 5 years, it will grow to php 60,000. What is the interest rate?\r
\n" );
document.write( "\n" );
document.write( "2 suppose in five years, the php 35,000 invested grows to php 75 345.75 , what is the interest rate? \n" );
document.write( "
Algebra.Com's Answer #600611 by rothauserc(4718)![]() ![]() You can put this solution on YOUR website! solve for r, A=P (1+r)^t \n" ); document.write( "A/P = (1+r)^t \n" ); document.write( "(A/P)^(1/t) = 1+r \n" ); document.write( "r = (A/P)^(1/t) - 1 \n" ); document.write( "************************************************************* \n" ); document.write( "1) r = (60000/20000)^(1/5) - 1 = 0.24573094 approx 0.25 \n" ); document.write( "2) r = (75345.75/35000)^(1/5) - 1 = 0.165730456 approx 0.17 \n" ); document.write( " \n" ); document.write( " |