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
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document.write( "A = $3,000(1 + r)2 + $1,000(1 + r).
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document.write( "If this amount is $4,654.30, find r.
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document.write( "r = ? % \n" );
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Algebra.Com's Answer #794076 by Solver92311(821)![]() ![]() You can put this solution on YOUR website! \r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( " \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( " ![]() \n" ); document.write( "\n" ); document.write( "From \n" ); document.write( "I > Ø \n" ); document.write( " |