SOLUTION: 16000(1+r)^2=25000

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Question 25122: 16000(1+r)^2=25000
Answer by askmemath(368) About Me  (Show Source):
You can put this solution on YOUR website!
16000%281%2Br%29%5E2=25000
Dividing on both sides with 16000
%281%2Br%29%5E2=25000%2F16000
%281%2Br%29%5E2=25%2F16
Taking Square root on both sides
%281%2Br%29=+sqrt%2825%2F16%29
1%2Br+=+5%2F4
Subtracting 1 on both sides
r+=+1%2F4