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motikmotik
3 years ago
12

Use the compound interest formula to find the annual interest​ rate, r, if in 2 years an investment of 4,000 grows to 4410 The r

ate is %.
Mathematics
1 answer:
andre [41]3 years ago
3 0

Answer:

5%

Step-by-step explanation:

Bank amount=PA*(1+r/100)^t

4410=4000*(1+x/100)^2

1.05=(1+x/100), x=5%

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Check the answer:

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