monicalink monicalink
  • 04-06-2019
  • Mathematics
contestada

You invest $2000 at an interest rate that is compound annually after 5 years, your principal has increased to $2262.82 what is the interest rate? Round to one decimal place.

Respuesta :

SilverChain SilverChain
  • 04-06-2019

Answer:

2.5%

Step-by-step explanation:

2262.82 = 2000(1 + r)^5

(1+r)^5 = 1.13141

1+r = 1.025

r = .025

r = 2.5%

Answer Link

Otras preguntas

Which of the statements below is not a correct part of collision theory? a. Reactant molecules must have some minimum amount of energy to react. b. Every time
find values for m and b so that the system has two solutions {y=x^2 {y=mx+b
- Triangle Shirtwaist Factory Fire​
Discuss how defective G protein function is associated with cholera.
If you wet your hand and pickup a ice tray that is below 0°C, your hand may stick to it. This doesn't happen to wood. Why? ​
Find the inverse of function A(x)=4x^1/5+5
what major industries emerged in the decades after the civil war?
Explain the causes and effects of the expansion of participatory democracy from 1800 to 1848
How much power is required to lift a 2.0 kg mass at a speed of 2.0 m/s? a. 2.0 W c. 9.8 W b. 4.0 W d. 39 W
Which is a term for a decomposer? A. Omnivore B. Carnivore C. Herbivore D. Detritivore