document.write( "Question 111876: 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
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document.write( "How do I start solving for r? \n" );
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Algebra.Com's Answer #81622 by scott8148(6628)![]() ![]() You can put this solution on YOUR website! dividing by 65750 gives 95375/65750=(1+r/12)^180\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "rules of exponents gives (95375/65750)^(1/180)=1+r/12\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "(((95375/65750)^(1/180))-1)*(12)=r \n" ); document.write( " |