Question: Use the compound interest formula A=P(1+r)t and the given information to solve for r. A=$2000, P=$1500, t=7 r=? (Round to the nearest hundredth.)

Use the compound interest formula A=P(1+r)t and the given information to solve for r.

A=$2000,

P=$1500,

t=7

r=?

(Round to the nearest hundredth.)

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