If P dollars are invested at 100r percent compounded annually, at the end of 2 years it

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If P dollars are invested at 100r percent compounded annually, at the end of 2 years it will grow to A = P(1 + r)². At what interest rate will $484 grow to $625 in 2 years?

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College Mathematics For Business Economics, Life Sciences, And Social Sciences

ISBN: 978-0134674148

14th Edition

Authors: Raymond Barnett, Michael Ziegler, Karl Byleen, Christopher Stocker

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Question Posted: Apr 21, 2022 11:32 PM

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If P dollars are invested at 100r percent compounded annually, at the end of 2 years it

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AP1r 2 A625P484 6254841r 2 ...View the full answer

College Mathematics For Business Economics, Life Sciences, And Social Sciences

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