Question: Use the formula for future value, A=P(1+rt), and elementary algebra to find the missing quantity. A=$1,150; P=$1,000; t=5 years Question content area bottom Part 1

Use the formula for future value,

A=P(1+rt),

and elementary algebra to find the missing quantity.

A=$1,150;

P=$1,000;

t=5

years

Question content area bottom

Part 1

r=enter your response here%

(Simplify your answer.)

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