Answer:
Letter C
Step-by-step explanation:
Given:
Subtract 18 from both sides
Divide 5 from both sides to get alone
Letter C is the correct answer choice because the dot is at -9, the arrow is facing to the left, and the dot is open indicating that it's not greater/less than ""or equal to"".
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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:-
The interest rate will be calculated by using the following formula:-
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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