SOLUTION: The formula A=P(1+r)^2 gives the amount of A in dollars that P will grow to in 2 years at interest rate r (where r is given as a decimal) using compound interest. What interest rat
Algebra ->
Customizable Word Problem Solvers
-> Finance
-> SOLUTION: The formula A=P(1+r)^2 gives the amount of A in dollars that P will grow to in 2 years at interest rate r (where r is given as a decimal) using compound interest. What interest rat
Log On
Question 879955: The formula A=P(1+r)^2 gives the amount of A in dollars that P will grow to in 2 years at interest rate r (where r is given as a decimal) using compound interest. What interest rate will cause $1000 to grow to 1092.03 in 2 years? Answer by ewatrrr(24785) (Show Source):
