Question:
Use the formula A-P(1+r)ᵗ to find the rate r at which $2000
Last updated: 8/6/2022
![Use the formula A-P(1+r)ᵗ to find the rate r at which $2000](https://media.kunduz.com/media/sug-question/raw/80757969-1659814341.5147572.jpeg?h=512)
Use the formula A-P(1+r)ᵗ to find the rate r at which $2000 compounded annually grows to $3380 in 2 years. r = ____% (Round to the nearest percent as needed.)