Solve the problem.The formula A = P(1 + r)2 is used to find the amount of money, A, in an account after P dollars have been invested in the account paying an annual interest rate, r, for 2 years. Find the interest rate r if $500 grows to $1125 in 2 years.

A. 125%
B. 5%
C. 50%
D. 250%


Answer: C

Mathematics

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