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Business, 05.08.2019 17:10 FriendlyDude640

If a firm invests amount p0 at an interest rate of r%, then a year later invests amount p1 at the same rate, then the total amount at the end of two years is given by the formula = p0(1+r)^0.5 + p1(1+r). a firm invests $1000, then a year later invests an additional $2400. at the end of two years, it has a total of $3623. what is the interest rate?

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