document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1048509>Question 1048509</A>: <I><SPAN STYLE=\"word-break: break-all;\"> The formula A = P(1 + r)2 is used to find the amount of money, A, in an account after P dollars have been invested in the account paying an annual interest rate, r, for 2 years. Find the interest rate r if $500 grows to $845 in 2 years. </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #664134 by </B><A HREF=/tutors/aboutme.mpl?userid=jorel555><B>jorel555(1290)</B></A><img src=\"/images/stars/stars-12.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=jorel555><IMG SRC=http://www.algebra.com/images/aboutme-small.gif BORDER=0 alt=\"About Me\" VALIGN=MIDDLE></A>&nbsp;<IMG SRC=http://www.algebra.com/images/nopicture.jpg><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=664134\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> 845=500(1+r)²<BR>\n" );
document.write( "845/500=(1+r)²<BR>\n" );
document.write( "1.69=(1+r)²<BR>\n" );
document.write( "1+r=1.3<BR>\n" );
document.write( "r=30%. &#9786;&#9786;&#9786;&#9786; </SPAN>\n" );
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