Posted by Kate on Tuesday, July 12, 2011 at 9:22pm.
Stacey buys a $1000 RRSP today. After one year she adds $2500. By the end of the second year, the money has grown to $3851 as it has earned interest over time. What rate of interest does the money earn?
1000x^2 + 2500x  3851
Use the quadratic formula above and your calculator to solve for x and i.
There are two solutions to the quadratic equation. Which one would you choose? Why?

Math  Max, Tuesday, July 12, 2011 at 9:34pm
Choose the solution that makes sense. Most of the time only the positive solution makes sense.

Math  Max, Tuesday, July 12, 2011 at 9:42pm
Simple example:
I drop a ball from 16 feet up. Its height can be modeled as h = 16t^2 + 16, where h = height in feet and t = time in seconds. When will the ball hit the ground?
16t^2  16 = 0
t = 1, 1
It took 1 second? No way.
It took 1 second? Yes!
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