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Solve for r if $425.83=400(1+r)^5 ? (show explanation please)

1 Answer

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Answer: 0.0295

Step-by-step explanation: To solve for r in the equation $425.83=400(1+r)^5$, we can rearrange the equation to isolate the variable.

Dividing both sides by 400 gives $(1+r)^5=1.064575$, and taking the fifth root of both sides gives:

$1+r=\sqrt[5]{1.064575}$.

Subtracting 1 from both sides gives $r\approx 0.0295$.

Therefore, your answer would be 0.0295.

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