Answer
$0.03$
Work Step by Step
$10.000=5000\left( 1+r\right) ^{25}\Rightarrow \left( 1+r\right) ^{25}=\dfrac {10000}{5000}=2\Rightarrow 1+r=\sqrt [25] {2}\approx 1.03\Rightarrow r=0.03$
Precalculus (6th Edition)
by Lial, Margaret L.; Hornsby, John; Schneider, David I.; Daniels, Callie
Published by
Pearson
ISBN 10:
013421742X
ISBN 13:
978-0-13421-742-0
Chapter 4 - Inverse, Exponential, and Logarithmic Functions - 4.2 Exponential Functions - 4.2 Exercises - Page 431: 10
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