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MATH SOLVE
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So totally confused please help
5 months ago
Q:
So totally confused please help
Accepted Solution
A:
Answer:The answer to your question is: r = 0.1Step-by-step explanation:DataP = $4500A = $9000t = 9 yearsr = rateFormula [tex]r = \sqrt[t]{\frac{A}{P}} - 1\\[/tex]Substitution [tex]r = \sqrt[9]{\frac{9000}{4500} - 1\\[/tex]Simplification [tex]r = \sqrt[9]{2} - 1[/tex]Result r = 1.08 - 1 r = 0.08 ≈ 0.1