What annual simple interest rate will increase jacob davidson's initial investment of $5,000 to $6,000 in two years? (hint: use the formula i = prt and substitute known values to find i.)

r=10%

Step-by-step explanation:

1. You have that Jacob Davidson's initial investment of $5,000 to $6,000 in two years. Therefore, you must solve for in the given formula:

Where I is the interest, p is the principal invested, r is the interest rate and t is the time in years.

2. Substitute values and solve:

%

first one is a: renaming a fraction. second one is c: de-c

step-by-step explanation:

my explanation is that these were the answers on edg : )

36

step-by-step explanation: