Sunday

February 1, 2015

February 1, 2015

Posted by **Faith** on Tuesday, May 12, 2009 at 5:41pm.

$1000 grows to $1440 in 2 years.

My teacher taught us a way that involved square roots. Please help if you can! Thank you soo much!

- Algebra -
**drwls**, Tuesday, May 12, 2009 at 7:59pm1440/1000 = 1.44 = (1+i)^2

1 + i = sqrt(1.44) = 1.2

i = 0.2 or 20% compound annual interest

The taking of a square root only works if the time on deposit is two years.

**Answer this Question**

**Related Questions**

I posted this yesterday and im STILL CONFUSED! - okay so i was given a worksheet...

biology - yesterday i posted a question about who discovered DNA and Ms Sue ...

? ABOUT POSTING AN ENGLISH/COMP. HOMEWORK QUESTION - If we posted an essay we ...

Written Analysis - I am in need of some help with my 4-6 paragraph summaries on ...

Algebra II - Simplify: x^5*x^pi Answer: x^8.14 Is this correct? I know that this...

Calculus - These two q's for my homework I am very confused on how to do: First...

Math PLEASE HELP - No one was answering my questions for the first question I ...

math (repost) - Question: Can MSI (1000 sq inch) be converted into "linear feet...

Calculus I (PLEASE HELP!) - These two q's for my homework I am very confused on ...

Algebra - I have one more question I need to ask about algebra, this one is a ...