The interest rate will be equal to 24% in 2 years.
<h3>What is compound interest?</h3>
Compound interest is the interest levied on the interest. The formula for the calculation of compound interest is given as:-
Given that:-
- Find the interest rate if $32 increased to $50 in 2 years.
The interest rate will be calculated by using the following formula:-
![A = P[1+\dfrac{r}{n}]^{nt}](https://tex.z-dn.net/?f=A%20%3D%20P%5B1%2B%5Cdfrac%7Br%7D%7Bn%7D%5D%5E%7Bnt%7D)
![50=32[1+\dfrac{r}{1}]^{2}](https://tex.z-dn.net/?f=50%3D32%5B1%2B%5Cdfrac%7Br%7D%7B1%7D%5D%5E%7B2%7D)

1.56 = ( 1 + r )²
√1.56 = ( 1 + r )
r = 1.24 - 1
r = 0.24
r = 24%
Therefore interest rate will be equal to 24% in 2 years.
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Answer:
16,767
Step-by-step explanation:
Geometric sequence formula: an = ar^n-1
Now, we just plug in the values.
an = 23(3)^7-1
an = 23(3)^6
an = 23(729)
an = 16,767
Answer:
C
Step-by-step explanation:
1,000-100.12=899.88
you have $899.88
hope this helped
Answer:
1350π
should be your answer
Step-by-step explanation:
15 x 15 x π = 225π
225π x 6 = 1350π