doritasanchez
doritasanchez
26.09.2019 • 
Mathematics

At the end of 2 years, p dollars invested at an interest rate r compounded annually increases to an amount, a dollars, given by the following formula.

a=p(1+r)^2

find the interest rate if $100 increased to $144 in 2 years. write your answer as a percent.

Solved
Show answers

Ask an AI advisor a question