Mathematics Homework Help
Mathematics Homework Help. What interest rate will cause $6000 to grow to $6741.60 in 2 years?
The formula A=P1+r2 gives the amount A in dollars that P dollars will grow to in 2 years at interest rate r where r is given as a decimal), using compound interest. What interest rate will cause $6000 to grow to $6741.60 in 2 years?
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