Solve the problem.Use the formula A = P(1 + r)2 to find what the rate of interest is if a principal amount of $5000 grows to $6160.50 in 2 years, if interest is compounded annually.

A. 13%
B. 9%
C. 11%
D. 12%


Answer: C

Mathematics

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A. a)   b)  
B. a)   b)  
C. a)   b)  
D. a)   b) 

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A.

B.

C.

D.

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