Saturday
April 19, 2014

Homework Help: Algebra 2

Posted by Anonymous on Saturday, October 1, 2011 at 12:46pm.

P dollars equals to an interest rate r for T years= T=P+Prt. An investment of $10,000 grew to at least $12,000 in two years, what is the minimum interest rate at which can be invested ?
I'm not sure how to set this problem. I thought at first I would substitute the years and the dollars into the equation in place of T as 2 and the Dollars P as 10,000, but i do not know if that's how i am supposed to start it

Answer this Question

First Name:
School Subject:
Answer:

Related Questions

VBS 2010 - Write a Web program to calculate the discount rate and interest rate ...
math - a formula for calculating simple interest is I = Pr, were I is the ...
math,algebra - Is this correct Business and finance. The simples interest I on a...
fin 300 - 4. Assume that bank has assets located in Germany worth 150 million ...
iun - kim won 60,000 dollars. she invested part at 2 percent interest and the ...
math - if a loan is given for 2,500 for 1 year and the interest charged is 275 ...
AP Macroeconomics - 3. You buy a certificate of deposit (CD) that pays a nominal...
Math - The nominal rate of interest is 8% and the rate of inflation is 5%. A ...
Math - Find the finance charge (interest) due on a 9-month loan of $2,400 at a ...
algebra - A total of $12,000 is invested in two funds paying 9% and 11% simple ...

Search
Members