document.write( "Question 1169383: A woman invests $3,000 in a mutual fund for which interest is compounded annually at a rate r. After one year, she deposits an additional $1,000. After two years, the balance A in the account is
\n" ); document.write( "A = $3,000(1 + r)2 + $1,000(1 + r).
\n" ); document.write( "If this amount is $4,654.30, find r.
\n" ); document.write( "r = ? %
\n" ); document.write( "

Algebra.Com's Answer #794076 by Solver92311(821)\"\" \"About 
You can put this solution on YOUR website!
\r
\n" ); document.write( "
\n" ); document.write( "\n" ); document.write( "\r
\n" ); document.write( "
\n" ); document.write( "\n" ); document.write( "\r
\n" ); document.write( "
\n" ); document.write( "\n" ); document.write( "\r
\n" ); document.write( "
\n" ); document.write( "\n" ); document.write( "Solve the quadratic for the positive root, then convert from a decimal to a percentage. Round appropriately.\r
\n" ); document.write( "\n" ); document.write( "
\n" ); document.write( "John
\n" ); document.write( "
\n" ); document.write( "My calculator said it, I believe it, that settles it
\n" ); document.write( "\r
\n" ); document.write( "\n" ); document.write( "From
\n" ); document.write( "I > Ø
\n" ); document.write( "
\n" ); document.write( "
\n" );