At the end of 2 years, P dollars invested at an interest rate r, compounded annually, increases to an amount A dollars given by
.
Find the interest rate if $200.00 increased to $242.00 in 2 years.
Write your answer as a percent.
r = %
.
Find the interest rate if $200.00 increased to $242.00 in 2 years.
Write your answer as a percent.
r = %