The formula A = P(1 + r) 2 gives the amount A in dollars that P dollars
Question:
The formula A = P(1 + r)2 gives the amount A in dollars that P dollars will grow to in 2 yr at interest rate r (where r is given as a decimal), using compound interest. What interest rate will cause $2000 to grow to $2142.45 in 2 yr?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
To find the interest rate that will cause 2000 to grow to 214245 ...View the full answer
Answered By
User l_917591
As a Business Management graduate from Moi University, I had the opportunity to work as a tutor for undergraduate students in the same field. This experience allowed me to apply the theoretical knowledge I had gained in a practical setting, while also honing my teaching and communication skills.
As a tutor, I was responsible for conducting tutorial sessions, grading assignments and exams, and providing feedback and support to my students. I also assisted with the preparation of course materials and collaborated with other tutors and professors to ensure consistency in teaching and assessment.
0 Reviews
10+ Question Solved
Related Book For 
Intermediate Algebra
ISBN: 9780134895987
13th Edition
Authors: Margaret Lial, John Hornsby, Terry McGinnis
Question Posted:
