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Question

For the following exercise,

Use the compound interest formula, $A(t)=P\left(1+\frac{r}{n}\right)^{n t}$.

Use properties of rational exponents to solve the compound interest formula for the interest rate, $r$.

Solution

VerifiedAnswered 2 years ago

Answered 2 years ago

Step 1

1 of 7Start with compound interest formula,

$A=P\bigg(1+\frac{r}{n}\bigg)^{nt}$

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