document.write( "Question 128716This question is from textbook
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document.write( ": I think I'm missing an integral piece... can you give me a hand?\r
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document.write( "Using the formula: A=P(1+r)^2\r
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document.write( "In order for $1000.00 to increase to $1440.00 in 2 years, what is the interest rate?\r
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document.write( "Thanks. \n" );
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Algebra.Com's Answer #94163 by Earlsdon(6294)![]() ![]() ![]() You can put this solution on YOUR website! The formula for compound interest is: \n" ); document.write( " \n" ); document.write( "You may also see this written: \n" ); document.write( " \n" ); document.write( "In your problem, you will substitute A = $1,440.00, P = $1,000.00, and n = 2 years. So make the appropriate substitiutions and solve for r. \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "r = 20% \n" ); document.write( " |