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.

## Answer this Question

## Related Questions

- Math Help plz!!! Really need help. - Use the Systematic Trial to solve this ...
- Algebra 1 HELP PLZ!!! - Use the Substitution method to solve the system of ...
- Math - Explain a real-world problem that you used math to solve. What ...
- Business - My brother and I are trying to start our own wireless indirect agent...
- Coordinates in the real world - I really need a real-world application in which ...
- Math - Use your knowledge of exponents to solve. a) 1/2^x=1/(x+2) b) 1/2^x>1/...
- Algebra1!Plz help I have test 2morrow!!! - so would the new eqaution be... 2x+8=...
- algebra interest word problem - Solve the problem. Roberto invested some money ...
- economics - Suppose that the following equations describe an economy (C, I, G, ...
- mat/116 - Will someone please help me slove this problem? Use the elimination ...