Question

Last one,
using A=P(1+r)^t find interest rate.
1)$6000 grows to $6760 in 2 years

Answer 1

6760=6000(1+r)^2 and solve for r

Answer 2

its the ^2 power thast got me confused, how do i distribute that?

Answer 3

don't
divide by 6000, take the square root, subtract 1

Answer 4

don't, start by dividing by 6000 and then take the square root of both sides.

Answer 5

dived by 6000 than square root it