Consider the equation that models the amount earned due to interest of an investment where n
Р
. A is the amount of money in the account in dollars,
• Pis the starting investment in dollars,
. r is the rate of interest earned,
.t is the time in years,
.n is the number of times the interest is compounded per year.
A
A=P(144)
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Enter an equation for which the solution is the rate of interest given the amount in the account is $2500, the
starting investment is $1000, over a time of 7 years, with interest compounding 4 times per year.
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