Over two summers, Ray saved $900 and $500. The polynomial 900x2 + 500x represents his savings at the beginning of the third year

Question

3 years ago

9

Over two summers, Ray saved $900 and $500. The polynomial 900x2 + 500x represents his savings at the beginning of the third year

, where x is the growth factor. (The interest rate r is x - 1.) What is the interest rate he needs to start the third year with $1600 in savings? A. 0.1% B. 1.1% C. 8.4% D. 264%

Mathematics

1 answer:

Delicious77 [7] · Answer 1 · 2022-07-15T02:45:05+03:00

Delicious77 [7]3 years ago

4 0

C. is the correct answer