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Write the Word or Phrase That Best Completes Each Statement

Question 138

Multiple Choice

Write the word or phrase that best completes each statement or answers the question.
-The formula Write the word or phrase that best completes each statement or answers the question. -The formula is used to find the amount of money, A, in an account after P dollars have beeninvested in the account paying an annual interest rate, r, for 2 years. Find the interest rate r if $500 growsto $845 in 2 years. A) 30% B) 69% C) 3% D) 230% is used to find the amount of money, A, in an account after P dollars have beeninvested in the account paying an annual interest rate, r, for 2 years. Find the interest rate r if $500 growsto $845 in 2 years.


A) 30%
B) 69%
C) 3%
D) 230%

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