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
You might also like to view...
Graph the function.y = - 2
A.
B.
C.
D.
Find the total area of the region between the curve and the x-axis.y = 2x + 7; 1 ? x ? 5
A. 26 B. 9 C. 18 D. 52
Determine whether the number is divisible by 2, 3, 4, 5, 6, 8, 9, and/or 10.40
A. 2, 4, 5 B. 2, 4, 5, 10 C. 2, 4, 5, 8 D. 2, 4, 5, 8, 10
Solve the problem.The weight of a person on or above the surface of the earth varies inversely as the square of the distance the person is from the center of the earth. If a person weighs 180 pounds on the surface of the earth and the radius of the earth is 3900 miles, what will the person weigh if he or she is 150 miles above the earth's surface? Round your answer to the nearest hundredth of a pound.
A. 168.31 lb B. 166.41 lb C. 166.91 lb D. 167.31 lb