Use The Formula Ap1rt Complete Guide

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use the formula ap1rt. A P 1 rt. A P 1 rt A P 1 r t Rewrite the equation as P 1rt A P 1 r t A.

6 315 58 Interest Calculator Compound Interest Compounds
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Find the rate r at which 4000 compounded annually grows to 6760 in 2 years. If interest is compounded annually the formula for the amount to be repaid is. For example at 4 interest r would be 004.

The given equation is.

I P 1 rt - 1 I P 1 0053 - 1 I P0157625. R 004 and t10 in the given formula we get. Log 100 log 1r 40 Now using a property of logs. 4000000 40000 1r 40.