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The Amount a in an Account Earning R Percent (In A=P(1+r)2A = P ( 1 + r ) ^ { 2 }

question 89

Multiple Choice

The amount A in an account earning r percent (in decimal form) compounded annually for two years is given by A=P(1+r) 2A = P ( 1 + r ) ^ { 2 } where P is the original investment. What is the interest rate r , as a percent, if the amount in the account is $235.44 and the original investment was $208 ? Round your answer to two decimal places.

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Definitions:

DRG System

A system of classifying hospital cases into groups (Diagnosis-Related Groups) to facilitate payments for healthcare services based on the type of care provided.

UHDDS

Uniform Hospital Discharge Data Set, a system for collecting and coding patient data for statistical analysis and health care decision making.

POA Assignments

Tasks or responsibilities assigned as part of a Power of Attorney agreement, whereby one party acts on another's behalf in legal or financial matters.

Codes

A system of symbols or sequences used to represent information.

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