subject
Mathematics, 31.03.2021 23:40 zayo8468

Guided Practice Suppose you have $500 to deposit into an account. Your goal is to have $595 in that account at the end of the second year. The formula r= A P −1 gives the interest rate r that will allow principal P to grow into amount A in two years, if the interest is compounded annually. Use the formula to find the interest rate you would need to meet your goal.

A.
8.4%

B.
19%

C.
9.1%

ansver
Answers: 3

Another question on Mathematics

question
Mathematics, 22.06.2019 01:00
Which of the following statements is true? a. the irrational number system is not closed under multiplication, because the product of two irrational numbers is always a rational number. b. the irrational number system is not closed under multiplication, because the product of two irrational numbers is not always an irrational number. c. the irrational number system is closed under multiplication, because the product of two irrational numbers is always an irrational number. d. the irrational number system is closed under multiplication, because the product of two irrational numbers is always a rational numbers. reset submit
Answers: 1
question
Mathematics, 22.06.2019 02:10
Triangle xyz, with vertices x(-2, 0), y(-2, -1), and z(-5, -2), undergoes a transformation to form triangle x′y′z′, with vertices x′(4, -2), y′(4, -3), and z′(1, -4). the type of transformation that triangle xyz undergoes is a . triangle x′y′z′ then undergoes a transformation to form triangle x′y′z′, with vertices x″(4, 2), y″(4, 3), and z″(1, 4). the type of transformation that triangle x′y′z′ undergoes is a .
Answers: 1
question
Mathematics, 22.06.2019 07:30
What is $0.8\%$ of $125\%$ of $8128$? express your answer as a decimal.
Answers: 1
question
Mathematics, 22.06.2019 08:00
Atriangle can’t be more than one right angle. true or false?
Answers: 2
You know the right answer?
Guided Practice Suppose you have $500 to deposit into an account. Your goal is to have $595 in that...
Questions
question
Spanish, 13.09.2021 02:00
question
Mathematics, 13.09.2021 02:00
question
Mathematics, 13.09.2021 02:00
question
Social Studies, 13.09.2021 02:00
question
Mathematics, 13.09.2021 02:00
Questions on the website: 13722367