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
You might also like to view...
Find the derivative of y with respect to x.y = tan-1
A.
B.
C.
D.
Mathematics
Find the unknown value.What number is 60% of 3820?
A. 22,920 B. 229,200 C. 229 D. 2292
Mathematics
Find the perimeter.
A. 132 m B. 108 m C. 90 m D. 66 m
Mathematics
Multiply, and then simplify if possible. Assume all variables represent positive real numbers.(2 + 5)(3
+ 8)
A. 46 + 16
B. 58 + 31
C. 62
D. 40 + 6 + 16
Mathematics