SOLUTION: (1+r)^3=1.560896 Solve for r.

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Question 67262: (1+r)^3=1.560896
Solve for r.
Answer by Earlsdon(6294) About Me  (Show Source):
You can put this solution on YOUR website!
Solve for r:
%281%2Br%29%5E3+=+1.560896 Take the cube root of both sides.
1%2Br+=+%281.560896%29%5E%281%2F3%29 Subtract 1 from both sides.
r+=+%281.560896%29%5E%281%2F3%29+-1
r+=+1.16+-+1
r+=+0.16