Homework Help: Plz Hel, word problem:)

Posted by Jesee on Friday, September 24, 2010 at 10:46pm.

I have tried hard to solve, but I'm stuck....

Let’s use our knowledge of quadrantic equations to analyze a real world business application. If P dollars is invested at r rate of interest compounded anually t years, then the amount of money, A, accummulated at the end of t years is given by the formula
A = P (1 + r)t
Barbara invested $100 at a certain rate of interest compounded anually for two years. If the accumulated value at the end of two years is $121, find the rate of interest.

No one has answered this question yet.

Answer this Question

Related Questions

Math Help plz!!! Really need help. - Use the Systematic Trial to solve this ...
Math - Use your knowledge of exponents to solve. a) 1/2^x=1/(x+2) b) 1/2^x&...
Algebra - Word Problem: Jack mows the lawn in 4 hours, mary mows the lawn in 5 ...
Math - I am stuck on a problem that has to do with the double angle formulas. I ...
thx 4 the help roger - thx 4 the help i got the steps You're welcome and I&#...
algebra 1 - I'm stuck on this problem. Can you help? -4x-9y=1 -x + 2y =-4 ...
Physics - Our teacher gave us a scenario we have to prepare to solve for a lab ...
Algebra1!Plz help I have test 2morrow!!! - so would the new eqaution be... 2x+8=...
ALGEBRA 1!PLZ HELP! - Use the Substitution method to solve the system of ...
Algebra - I dont quite understand how to solve matrices with three variables. If...

For Further Reading

First Name:
School Subject:
Answer: