Question: m Given the compound interest formula, A=P do the following (a) Solve the formula for r. (b) Find the annual rate r if $70.00 grows

m Given the compound interest formula, A=P do the following (a) Solve the formula for r. (b) Find the annual rate r if $70.00 grows to $89.77 in 10 years with interest compounded quarterly. =P(1 + )". m A (a) The compound interest formula solved for r is run (Type an equation.) (b) The annual rater is %. (Round to the nearest tenth as needed.)

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