document.write( "Question 955652: Suppose $20,000 is invested into an account where interest is compounded semiannually. After 30 years the balance is $231,165.\r
\n" ); document.write( "\n" ); document.write( "What was the interest rate as a percent?\r
\n" ); document.write( "\n" ); document.write( "Round the answer to the nearest hundredth of a percent.
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Algebra.Com's Answer #854602 by josgarithmetic(39838)\"\" \"About 
You can put this solution on YOUR website!
\"231165=20000%2A%281%2Br%2F2%29%5E%2830%2A2%29\"\r
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\n" ); document.write( "\n" ); document.write( "\"231165%2F20000=%281%2Br%2F2%29%5E60\"\r
\n" ); document.write( "\n" ); document.write( "\"%281%2Br%2F2%29%5E60=11.55825\"\r
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\n" ); document.write( "\n" ); document.write( "\"log%28%281%2Br%2F2%29%5E60%29=log%2811.55825%29\"\r
\n" ); document.write( "\n" ); document.write( "\"60%2Alog%28%281%2Br%2F2%29%29=1.062892\"\r
\n" ); document.write( "\n" ); document.write( "\"log%28%281%2Br%2F2%29%29=0.01771489\"\r
\n" ); document.write( "\n" ); document.write( "\"1%2Br%2F2=1.04163\"\r
\n" ); document.write( "\n" ); document.write( "\"r%2F2=0.04163\"\r
\n" ); document.write( "\n" ); document.write( "\"r=0.0833\"
\n" ); document.write( "approximately 8.3 percent
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