Solve the problem.Use the formula A = P(1 + r)2 to find what the rate of interest is if a principal amount of $4000 grows to $4840.00 in 2 years, if interest is compounded annually.

A. 8%
B. 11%
C. 10%
D. 12%


Answer: C

Mathematics

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A. Yes B. No

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A. 18 B. 10 C. 2 D. 28

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