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Mathematics, 24.01.2020 23:31 phillswift2020

Acompany invests $15,000.00 in an account that compounds interest annually. after two years, the account is worth $16,099.44. use the function in which r is the annual interest rate, p is the principal, and a is the amount of money after t years. what is the interest rate of the account?
a = p(1 + r)t

1.04%
3.6%
5.4%
7.3%

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