Find r for the given equation

Algebra and Trigonometry (6th Edition)
6th Edition
ISBN:9780134463216
Author:Robert F. Blitzer
Publisher:Robert F. Blitzer
ChapterP: Prerequisites: Fundamental Concepts Of Algebra
Section: Chapter Questions
Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...
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Find r for the given equation

Answer is : 0.0712 or 7.12%

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156.46
162.25
169.08
175.77
182.73
182.73 (1.0192)
3230.78
(1+r) (1+r) (1+r)³
(1+r)* * (1+r)%(r-0192)(1+r)5
Transcribed Image Text:156.46 162.25 169.08 175.77 182.73 182.73 (1.0192) 3230.78 (1+r) (1+r) (1+r)³ (1+r)* * (1+r)%(r-0192)(1+r)5
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