Question 361010
{{{A = P*(1 + R)^2}}}
given:
{{{A = 6741.6}}}
{{{P = 6000}}}
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{{{6741.6 = 6000*(1 + R)^2}}}
{{{(1 + R)^2 = 1.1236}}}
{{{1 + R = sqrt(1.1236)}}}
{{{R = 1.06 - 1}}}
{{{R = .06}}}
The interest rate is 6%