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OpenStudy (anonymous):
Over two summers, Ray saved $800.00 and $600.00. The polynomial 800x2 + 600x represents his savings at the beginning of the third year, where x is the growth factor. (The interest rate r is x – 1.) What is the interest rate he needs to save $1,650.00 after the third summer? (1 point) (0 pts) 0.1% (1 pt) 10.9% (0 pts) –285.9% (0 pts) 1.1% It says the answer is B, but I guessed a, tell me what I did wrong?
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