Mathematics, 07.05.2020 02:59 Chapo3760

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?

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Given the equation A=250(1.1)t, you can determine that the interest is compounded annually and the i...

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