Mathematics, 10.07.2019 13:40 isabelibarra6370
If an amount of money, called principle, p, is deposited into an account that earns interest at a rate r, compound annually, then in two years that investment will grow to an amount a, given by the formula a=p(1+r)^2. if a principle amount of $5000 grows to $5940.50 in two years, what is the interest rate?
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