Question: The annual rate, r , compounded annually, it takes for 1 dollar to grow to A dollars in 2 years is given by the formula

The annual rate,r, compounded annually, it takes for 1 dollar to grow toAdollars in 2 years is given by the formulaA = (1+ r)2. Find the rate necessary for a dollar to double in 2 years.Round your answer to 1 decimal place(tenths).

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