dantezacchinoowwupy dantezacchinoowwupy

11-12-2020
Mathematics

contestada

Consider the compound interest equation B(t)=100(1.1664)t.

Assume that n=2, and rewrite B(t) in the form B(t)=P(1+rn)nt.

What is the interest rate, r, written as a percentage?

Respuesta :

gabriaelle2008 gabriaelle2008

11-12-2020

The formula , for n=1 becomes .

Comparing with , we see that

P=900, and 1+r=1.185, which means that r=0.185.

r=0.185 can be written as 18.5%, as a percentage.

Answer: 18.5%

Answer Link

Otras preguntas

Find the midpoint of the line segment with the given endpoint (5,2), (-4,-3)

6. President Truman met with Allied leaders in Germany, for a conference, Munich Nuremberg a Potsdam Frankfurt Berlin

what was not a key industry in colonial New England?

Driving from Maine to Florida, you observe that squirrels living in the southeastern United States are much thinner than squirrels living in the northeastern pa

5p−m=10 answer my question

using the Pythagorean Theorem, how would one calculate a problem with the sides being 8ft and 6ft

Pineapple International uses a job order costing system. Pineapple's accounting manager estimated that direct labor would be $2,990,000 (230,000 hours at $13/ho

The system in place to select males aged 18-25 for military conscription during times of need is referred to as which of the following selections? Select one: A

what part of speech is the word most

How many unique triangles can be drawn with interior angles measuring 40°, 40°, and 100°?