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On January, \(1, 2002,\) Michael invested a certain amount of money at \(r\) percent interest rate, compounded annually.

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by BTGmoderatorLU » Tue Dec 30, 2025 7:34 am
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On January, \(1, 2002,\) Michael invested a certain amount of money at \(r\) percent interest rate, compounded annually. What is the value of \(r?\)

1. At the end of \(2004,\) the investment plus the total interest was \(\$5,955\)

2. At the end of \(2006,\) the investment plus the total interest was \(\$6,690\)

The OA is C
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Source: — Data Sufficiency |