document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=111876>Question 111876</A>: <I><SPAN STYLE=\"word-break: break-all;\"> This one has me stumped on how to start.  Given the formula A=p(1+r/t)^nt, answer the following problem:  Find r given (A)=$95375, (p)=$65,750, and t=15 years with interest compounded monthly.  Here's the formula I had after I plug every thing in to the formula:  $95375 = $65750 (1+r/12)^(12*15 or 180)\r<BR>\n" );
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document.write( "How do I start solving for r?   </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #81621 by </B><A HREF=/tutors/aboutme.mpl?userid=jim_thompson5910><B>jim_thompson5910(35256)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=jim_thompson5910><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=81621\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=95375=65750%281%2Br%2F12%29%5E180 ALIGN=MIDDLE  ALT=\"95375=65750%281%2Br%2F12%29%5E180\"   DISABLED_style= \"max-width:90%; height:auto;\" > Start with the given equation \r<BR>\n" );
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document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=95375%2F65750=cross%2865750%2F65750%29%281%2Br%2F12%29%5E180 ALIGN=MIDDLE  ALT=\"95375%2F65750=cross%2865750%2F65750%29%281%2Br%2F12%29%5E180\"   DISABLED_style= \"max-width:90%; height:auto;\" > Divide both sides by 65750\r<BR>\n" );
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document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=1.45057034220532=%281%2Br%2F12%29%5E180 ALIGN=MIDDLE  ALT=\"1.45057034220532=%281%2Br%2F12%29%5E180\"   DISABLED_style= \"max-width:90%; height:auto;\" > Divide\r<BR>\n" );
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document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=root%28180%2C1.45057034220532%29=root%28180%2C%281%2Br%2F12%29%5E180%29 ALIGN=MIDDLE  ALT=\"root%28180%2C1.45057034220532%29=root%28180%2C%281%2Br%2F12%29%5E180%29\"   DISABLED_style= \"max-width:90%; height:auto;\" > Now to get rid of the exponent of 180, simply take the 180th root of both sides\r<BR>\n" );
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document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=root%28180%2C1.45057034220532%29=1%2Br%2F12 ALIGN=MIDDLE  ALT=\"root%28180%2C1.45057034220532%29=1%2Br%2F12\"   DISABLED_style= \"max-width:90%; height:auto;\" > Simplify\r<BR>\n" );
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document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=1.0020685633009=1%2Br%2F12 ALIGN=MIDDLE  ALT=\"1.0020685633009=1%2Br%2F12\"   DISABLED_style= \"max-width:90%; height:auto;\" > Take the 180th root of 1.45057034220532\r<BR>\n" );
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document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=1.0020685633009-1=r%2F12 ALIGN=MIDDLE  ALT=\"1.0020685633009-1=r%2F12\"   DISABLED_style= \"max-width:90%; height:auto;\" > Subtract 1 from both sides\r<BR>\n" );
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document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=0.0020685633009=r%2F12 ALIGN=MIDDLE  ALT=\"0.0020685633009=r%2F12\"   DISABLED_style= \"max-width:90%; height:auto;\" > Subtract\r<BR>\n" );
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document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=0.0248227596108=r ALIGN=MIDDLE  ALT=\"0.0248227596108=r\"   DISABLED_style= \"max-width:90%; height:auto;\" > Multiply both sides by 12\r<BR>\n" );
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document.write( "So the interest rate is approximately 0.0248227596108, or 2.482% <BR>\n" );
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