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4883.5=775(1+r/12)^(12/4)

 May 28, 2014

Best Answer 

 #1
avatar+118723 
+5

$$\begin{array}{rll}
4883.5&=&775(1+\frac{r}{12})^{12/4}\\\\
4883.5&=&775(1+\frac{r}{12})^3\\\\
\frac{4883.5}{775}&=&(1+\frac{r}{12})^3\\\\
\left(\frac{4883.5}{775}\right)^{1/3}&=&1+\frac{r}{12}\\\\
\left(\frac{4883.5}{775}\right)^{1/3}-1&=&\frac{r}{12}\\\\
12\times\left(\left(\frac{4883.5}{775}\right)^{1/3}-1\right)&=&r\\\\
r&=&12\times\left(\left(\frac{4883.5}{775}\right)^{1/3}-1\right)\\\\

\end{array}$$

$${\mathtt{12}}{\mathtt{\,\times\,}}\left({\left({\frac{{\mathtt{4\,883.5}}}{{\mathtt{775}}}}\right)}^{\left({\frac{{\mathtt{1}}}{{\mathtt{3}}}}\right)}{\mathtt{\,-\,}}{\mathtt{1}}\right) = {\mathtt{10.164\: \!489\: \!991\: \!486\: \!86}}$$

 If this is meant to be a compound interest answer then I think you made a mistake with how you used the formula!

 May 28, 2014
 #1
avatar+118723 
+5
Best Answer

$$\begin{array}{rll}
4883.5&=&775(1+\frac{r}{12})^{12/4}\\\\
4883.5&=&775(1+\frac{r}{12})^3\\\\
\frac{4883.5}{775}&=&(1+\frac{r}{12})^3\\\\
\left(\frac{4883.5}{775}\right)^{1/3}&=&1+\frac{r}{12}\\\\
\left(\frac{4883.5}{775}\right)^{1/3}-1&=&\frac{r}{12}\\\\
12\times\left(\left(\frac{4883.5}{775}\right)^{1/3}-1\right)&=&r\\\\
r&=&12\times\left(\left(\frac{4883.5}{775}\right)^{1/3}-1\right)\\\\

\end{array}$$

$${\mathtt{12}}{\mathtt{\,\times\,}}\left({\left({\frac{{\mathtt{4\,883.5}}}{{\mathtt{775}}}}\right)}^{\left({\frac{{\mathtt{1}}}{{\mathtt{3}}}}\right)}{\mathtt{\,-\,}}{\mathtt{1}}\right) = {\mathtt{10.164\: \!489\: \!991\: \!486\: \!86}}$$

 If this is meant to be a compound interest answer then I think you made a mistake with how you used the formula!

Melody May 28, 2014

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