SOLUTION: Can someone guide me through solving the following problem? John invested P dollars in a 2yr CD with an annual rate of return of R. After the CD rolled over three times, its valu

Algebra ->  Polynomials-and-rational-expressions -> SOLUTION: Can someone guide me through solving the following problem? John invested P dollars in a 2yr CD with an annual rate of return of R. After the CD rolled over three times, its valu      Log On


   

Question 81534: Can someone guide me through solving the following problem? John invested P dollars in a 2yr CD with an annual rate of return of R. After the CD rolled over three times, its value was P((1+r)^2)^3. Which law of exponents can be used to simplify the expression? Simplify it
Answer by rapaljer(4671) About Me  (Show Source):
You can put this solution on YOUR website!
When you raise a power to a power, you multiply the exponents!!

P%28%281%2Br%29%5E2%29%5E3
P%281%2Br%29%5E6

R^2 at SCC