Question

10. Substitute for A, P and T in the formula A = P(1 + r), given that A = 1 000 000, P = 10 000 and T = 2, and express as a quadratic equation.​

Answer 1

Step-by-step explanation:Let's first substitute the values of A, P, and T in the formula A = P(1 + r)^T.

Given: A = 1,000,000; P = 10,000; T = 2

1,000,000 = 10,000(1 + r)^2

Now let's express it as a quadratic equation. First, divide both sides by 10,000:

100 = (1 + r)^2

Next, expand the square:

100 = 1 + 2r + r^2

Finally, rearrange to form the quadratic equation:

r^2 + 2r - 99 = 0