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Olve for r 2=2500(1+ r / 12)^24 A) .05 B) .11 C) .26 D) .31

Olve for r 2=2500(1+ r / 12)^24 A) .05 B) .11 C) .26 D) .31
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1 vote
Olve for r

2=2500(1+ r / 12)^24

A) .05

B) .11

C) .26

D) .31

User Elliot Coad
by
7.5k points

1 Answer

2 votes

2=2500(1+ (r)/(12) )^(24) \\ (2)/(2500) =(1+ (r)/(12) )^(24) \\ \sqrt[24]{0.0008} =1+ (r)/(12) \\ 0.7430-1= (r)/(12) \\ r=12(-0.2570) \\ r=-3.085
User Strangeoptics
by
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