Question: The formula A equals P left parenthesis 1 plus r right parenthesis squared gives the amount A in dollars that P dollars will grow to

The formula A equals P left parenthesis 1 plus r right parenthesis squared 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 $6000 to grow to $6427.35 in 2 years?

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