SOLUTION: how do you use the compound interest formula to find the interest rate per annum if £14400 has a future value of £17551 in 2 years and what is the final answer. could you please w

Algebra ->  Finance -> SOLUTION: how do you use the compound interest formula to find the interest rate per annum if £14400 has a future value of £17551 in 2 years and what is the final answer. could you please w      Log On


   



Question 1055943: how do you use the compound interest formula to find the interest rate per annum if £14400 has a future value of £17551 in 2 years and what is the final answer.
could you please walk me through it.
thanks

Answer by MathTherapy(10552) About Me  (Show Source):
You can put this solution on YOUR website!
how do you use the compound interest formula to find the interest rate per annum if £14400 has a future value of £17551 in 2 years and what is the final answer.
could you please walk me through it.
thanks
How often, per year, is the interest compounded? I have to know that before I can walk you through the calculations.