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a9bbybeathmiro
a9bbybeathmiro a9bbybeathmiro
  • 16-06-2016
  • Mathematics
Answered

olve for r


2=2500(1+ r / 12)^24

A.05

B.11

C.26

D.31

Verified Answer :

nobillionaireNobley
nobillionaireNobley nobillionaireNobley
  • 18-06-2016

\(2=2500(1+ \frac{r}{12} )^{24} \\ \frac{2}{2500} =(1+ \frac{r}{12} )^{24} \\ \sqrt[24]{0.0008} =1+ \frac{r}{12} \\ 0.7430-1= \frac{r}{12} \\ r=12(-0.2570) \\ r=-3.085\)

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