At the end of 2 years, P dollars invested at an interest rate r compounded annually increases to an amount, A dollars, given by the following formula.

A=P (1+r) ^2

Find the interest rate if $100 increased to $144 in 2 years. Write your answer as a percent.

Question

Cailyn Mcguire

14 January, 03:00

+5

Answers (1)

Know the Answer?

Brooks Marshall · Answer 1

The answer is 59536 is the solution for your queston

At the end of 2 years, P dollars invested at an interest rate r compounded annually increases to an amount, A dollars, given by the following formula.A=P (1+r) ^2Find the interest rate if $100 increased to $144 in 2 years. Write your answer as a percent.