Solve the problem.When P dollars is invested at interest rate i, compounded annually, for t years, the investment grows to A dollars, where A = P(1 + i)
t . Find the interest rate i if $2510 grows to $3540 in 2 years. Round your answer to the nearest hundredth of a percent.
A. 20.52 %
B. 18.76 %
C. 9.38 %
D. 41.04 %
Answer: B
Mathematics
You might also like to view...
Simplify the expression.
A. - 
B. 
C. 2
D. -2
Mathematics
Simplify the expression by combining like terms.6x - 2 + 2x + 5
A. 4x + 3 B. 11x C. 11 D. 8x + 3
Mathematics
Select a verbal description of the algebraic expression without using the variable.
?
?
A. Positive 5 is multiplied by a number increased by 9. B. Positive 9 is multiplied by a number increased by 5. C. Positive 5 is multiplied by a number decreased by 9. D. Negative 9 is multiplied by a number increased by 5. E. Negative 5 is multiplied by a number decreased by 9.
Mathematics
Write the expression as one logarithm.logb x + logb y
A. logb (x + y) B. log2b xy C. logb xy D. log2b (x + y)
Mathematics