Pls Help!! Use the formula B=P(1+(r/n))nt which is used to calculate the final balance of an investment or a loan after being compounded. Following is a list of what each variable represents:
B = the final balance
P = the principal
r = the annual percentage rate
t = the time in years in which the principal is compounded
n = the number of times the principal is compounded in a year
Raul invests $40,000 in an account that is compounded annually. If, after two years, his balance is $45,796, what was the interest rate of the account?

Hey! We 've verified this expert answer for you, click below to unlock the details :)

I got my questions answered at brainly.com in under 10 minutes. Go to brainly.com now for free help!

Are u helping me ...thank you , thank you , thank you

yeah - sorry popcorn - i'll be back in about 5 minutes

Looking for something else?

Not the answer you are looking for? Search for more explanations.

## More answers

Looking for something else?

Not the answer you are looking for? Search for more explanations.