en

English

Español

Português

Français

Deutsch

Italiano

Русский

中文(简体)

한국어

日本語

Tiếng Việt

עברית

العربية

Popular >

Find the rate at which 9, 600 compounded annually grows to 12, 696 in 2 years.

Solution

Find the rate at which 9, 600 compounded annually grows to 12, 696 in 2 years.

Solution

Rate : 15%

Solution steps

Translate the problem into an equation:

12696 = 9600 (1 + \frac{r}{1})^{1 \cdot 2}

Solve for

r, 12696 = 9600 (1 + \frac{r}{1})^{1 \cdot 2} : r = 15%

Rate : 15%

Popular Examples

Of the 350 students at school, 46%are female. What is the total number of female students at the school?54 is 90% of what number 7 decreased by 4 times a number what number is 21% of 18 An art dealer bought a set of 5 beautiful vases. Each of the vases is worth 31,741. How much is the set of vases worth in all?