Wednesday

September 17, 2014

September 17, 2014

Posted by **Anonymous** on Monday, November 12, 2012 at 11:05pm.

- college algebra -
**Reiny**, Monday, November 12, 2012 at 11:34pmlet the rate be i, where i is expressed as a decimal

2500(1+i)^2 = 2500+650

(1+i)^2 = 3150/2500 = 1.26

take √ of both sides

1+i = √1.26

1+i = 1.12249

i = .12249

or 12.25% , Wow, I remember those good old days

**Answer this Question**

**Related Questions**

Algebra - Need help with these 2 please-- 19. Nancy invests $100 in one account ...

Algebra - Need help with these 2 please-- 19. Nancy invests $100 in one account ...

Algebra - Show how you substitute the values into the formula, then use your ...

Algebra - I'm really stuck on these 2. Can you please explain the work clearly ...

Algebra - Greta invests $10,000 in an investment that pays 3% interest, ...

Algebra - A company invests $15,000.00 in an account that compounds interest ...

Algebra Question~! - A company invests $15,000.00 in an account that compounds ...

Math - A company invests $15,000.00 in an account that compounds interest ...

Financial Math - An investment of $2500 accumulates at 6% p.a compounded semi ...

differential equation - If P(t) is the amount of dollars in a savings bank ...