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Mathematics, 13.03.2021 08:10 Powerhickory1313
If p dollars is invested at interest rate r, compounded annually, for t years, the investment grows to A dollars, where A=P(1+r)t. Tever's parents deposit $7700 in a savings account when Trevor is 16 year old. The principal plus interest is to be used for a truck when Trevor is 18 years old. Find the interest rate r if the $7700 grows to $9024.75 in 2 years.
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If p dollars is invested at interest rate r, compounded annually, for t years, the investment grows...
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