shoutjayden shoutjayden

04-11-2022
Mathematics

Answered

POSSIBLE POINTS:
Jaedin invests $12,000 in an account that compounds interest annually. After three years, the account is worth $13,343.22. Use the function A = P(1 +
r), where r is the annual interest rate, P is the principal, and A is the amount of money after t years. What is the interest rate of the account?

Answer :

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