Intermediate Algebra (6th Edition)

Published by Pearson
ISBN 10: 0321785045
ISBN 13: 978-0-32178-504-6

Chapter 8 - Section 8.1 - Solving Quadratic Equations by Completing the Square - Exercise Set - Page 485: 78

Answer

20%

Work Step by Step

A=P(1+r)$^{2}$ A=2880 p=2000 t=2 2880=2000(1+r)$^{2}$ (1+r)$^{2}$=$\frac{2880}{2000}$ 1+r=±$\sqrt{\frac{2880}{2000}}$ 1+r=±1.2 r=-1±1.2 r=-2.2 or r=0.2 since the negative result does not make sense then the real solution is 0.2 which is 20%
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