3 years ago

Use the formula A = P(1 + r)" to solve.

Mathematics

1 answer:

Llana [10]3 years ago

7 0

Answer:

Rate = 0.45 or 45%.

Step-by-step explanation:

20184 = 9600(1 + r)^2

(1 + r)^2 = 20184/9600 = 2.1025

Taking square roots of both sides:

1 + r = 1.45

r = 1.45 - 1 = 0.45.

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