Question: Use the compound interest formula A=P(1+r)Superscript t and the given information to solve for r. A =$2300 P=$1600 t=7 I'm stuck on this problem and

Use the compound interest formula

A=P(1+r)Superscript t

and the given information to solve for r.

A =$2300

P=$1600

t=7

I'm stuck on this problem and can't figure out what's wrong. The correct answer is 5.32, but I can't seem to figure out what I am doing wrong.

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