.10=.44/(1+r)^10. What is r?
.10=.44/(1+r)^10 cross multiply
0.10(1+r)^10 = 0.44 divide both sides by 0.10
(1+r)^10 = 4.4 take the 10th root of both sides
1+r = 4.4^(1/10)
1+r = 1.1597 subtract 1 from both sides
r = 1.1597 - 1
r =0.1597 x 100 multiply by 100
r =15.97%
