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anonymous

  • 5 years ago

Last one, using A=P(1+r)^t find interest rate. 1)$6000 grows to $6760 in 2 years

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  1. anonymous
    • 5 years ago
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    6760=6000(1+r)^2 and solve for r

  2. anonymous
    • 5 years ago
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    its the ^2 power thast got me confused, how do i distribute that?

  3. anonymous
    • 5 years ago
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    don't divide by 6000, take the square root, subtract 1

  4. anonymous
    • 5 years ago
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    don't, start by dividing by 6000 and then take the square root of both sides.

  5. anonymous
    • 5 years ago
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    dived by 6000 than square root it

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spraguer (Moderator)
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