We let x be the initial amount of money and r be the rate of interest (already in decimal) such that the equation for the future worth of money is,
after two years, F = 44100 = x(1 + r)^2
after four years, F = 48620.25 = x(1 + r)^4
Solving for the values of x and r in the equation will give us answers of 40,000 and 0.05, respectively. Thus, the interest rate is approximately 5%.
Answer:
42.17 maybe
Step-by-step explanation:
Write out the numbers fully and divide the users in Europe by the total number of people. Multiply by 100 to get it in percentage terms