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

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.)