College Algebra 7th Edition

Published by Brooks Cole
ISBN 10: 1305115546
ISBN 13: 978-1-30511-554-5

Chapter P, Prerequisites - Section P.8 - Solving Basic Equations - P.8 Exercises - Page 60: 97

Answer

$i=-100\pm 100\sqrt{\frac{A}{P}}$

Work Step by Step

$A=P(1+\displaystyle \frac{i}{100})^{2}$ Divide by P: $\frac{A}{P}=(1+\frac{i}{100})^{2}$ Square root both sides: $\pm\sqrt{\frac{A}{P}}=1+\frac{i}{100}$ Subtract 1: $-1\pm\sqrt{\frac{A}{P}}=\frac{i}{100}$ Solve for $i$: $i=-100\pm 100\sqrt{\frac{A}{P}}$
Update this answer!

You can help us out by revising, improving and updating this answer.

Update this answer

After you claim an answer you’ll have 24 hours to send in a draft. An editor will review the submission and either publish your submission or provide feedback.