180k views
1 vote
Find if

2700=2200(1+r)ˆ5 

( ˆ5 is the exponent for 5 )

1 Answer

2 votes

2700=2200(1+r)^5 \ /:2200\\\\(1+r)^5= (27)/(22) \\\\1+r= \sqrt[5]{(27)/(22) } \\\\r=\sqrt[5]{(27)/(22) } -1
User Eric Fossum
by
8.3k points