Hi there, could someone please help me with the following:
The answer is 10%, but I want to know how you get that 10%.
Once again, I am unsure of as to what you do with the power when you move the equation across. Please could someone help!
Thank you.
Equation: Solve for r_{2}
$826.45 = $1000 / (1 + r_{2})^{2}
r_{2 } = 10%