Can someone help me answer this question please?
The formula
gives the intere...
Mathematics, 25.04.2020 21:54 eliLoumbardia
Can someone help me answer this question please?
The formula
gives the interest rate r, expressed as a decimal that will
allow principal P to grow into amount A in two years, if the interest is compounded annually. Suppose you have $350 to deposit into an account. Find the interest rate you would need to have $380 in the account at the end of the second year.
A. 4.4%
B. 0.042%
C. 4.2%
D. 104.1%
Answers: 3
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