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 $2430 grows to $3510 in 2 years. Round your answer to the nearest hundredth of a percent.

A. 20.19 %
B. 22.22 %
C. 44.44 %
D. 10.09 %


Answer: A

Mathematics

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Mathematics