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Math  /  Algebra

QuestionQuestion 12, 8.1.75 HW Score: 70%,1470 \%, 14 of 20 Points: 0 of 1
Find the interest rate using A′=P(1+r)t.$1000A^{\prime}=P(1+r)^{t} . \$ 1000 grows to $2250\$ 2250 in 2 years. What is the interest rate? □\square \%

Studdy Solution
Convert the interest rate from decimal to percentage.
Multiply r r by 100 to convert it to a percentage:
r=0.5×100 r = 0.5 \times 100
r=50% r = 50\%
The interest rate is:
50% \boxed{50\%}

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