document.write( "Question 1154320: how do you find the interest rate of this account math word problem? Serena places $2000 in an interest-earning account where the interest compounds annually,after twoyears there is $2130.60in the account> use this formula $2000(1+r)^2=2123.60 \n" ); document.write( "
Algebra.Com's Answer #776723 by MathLover1(20855)\"\" \"About 
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\n" ); document.write( "\"2000%281%2Br%29%5E2=2123.60\".....find the interest rate, solve for \"r\" \r
\n" ); document.write( "\n" ); document.write( "\"%281%2Br%29%5E2=2123.60%2F2000\"\r
\n" ); document.write( "\n" ); document.write( "\"%281%2Br%29%5E2=1.0618\"\r
\n" ); document.write( "\n" ); document.write( "\"%281%2Br%29=sqrt%281.0618%29\"\r
\n" ); document.write( "\n" ); document.write( "\"1%2Br=1.03044\"\r
\n" ); document.write( "\n" ); document.write( "\"r=1.03044-1\"\r
\n" ); document.write( "\n" ); document.write( "\"r=0.030437\" => \"r=3.044\"%
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