The formula A=P (1+r) ^2 gives the amount A in dollars that P dollars 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 $ 5000 to grow to $ 5304.50 in 2 years?
+2
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “The formula A=P (1+r) ^2 gives the amount A in dollars that P dollars will grow to in 2 years at interest rate R (where r is given as a ...” in 📘 Mathematics if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Home » Mathematics » The formula A=P (1+r) ^2 gives the amount A in dollars that P dollars 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 $ 5000 to grow to $ 5304.50 in 2 years?