Mathematics, 28.02.2020 05:48 silveryflight
Given the equation A=250(1.1)^t, you can determine that the interest is compounded annually and the interest rate is 10%. Suppose the interest rate were to change to being compounded quarterly. Rewrite the equation to find the new interest rate that would keep A and P the same.
What is the approximate new interest rate?
Convert your answer to a percentage, round it to the nearest tenth, and enter it in the space provided, like this: 42.53%
Answers: 3
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Given the equation A=250(1.1)^t, you can determine that the interest is compounded annually and the...
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