anonymous
  • anonymous
A company invests $15,000.00 in an account that compounds interest annually. After two years, the account is worth $16,099.44. Use the function, where r is the annual interest rate, P is the principal, and A is the amount of money after t years. What is the interest rate of the account? 1.04% 3.6% 5.4% 7.3%
Mathematics
  • Stacey Warren - Expert brainly.com
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SOLVED
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jamiebookeater
  • jamiebookeater
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NotTim
  • NotTim
So...Compund interest huh?
NotTim
  • NotTim
I think its rather just plug and play here.
NotTim
  • NotTim
You do know/have the equation required?

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NotTim
  • NotTim
If not, google will help, I hope.
anonymous
  • anonymous
no, my teacher just gave us this problem to slove
NotTim
  • NotTim
no notes, textbook? Ok, google it is I guess.
anonymous
  • anonymous
ok, i'm google it
NotTim
  • NotTim
http://math.about.com/od/formulas/a/compound.htm
NotTim
  • NotTim
The variables are different, but I think you're smart enough to figure which vales go with which variables.
NotTim
  • NotTim
hello? you good?
NotTim
  • NotTim
you alive? do i need to call the ambulance again?
anonymous
  • anonymous
sorry, yeah just got off for a bit, and thanks i figuried it out...i think

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