SOLUTION: (Calculator) The function r(t)=0.69607+.60871InT gives the annual interest rate r, as a percent, a bank will pay on its money market accounts, where t is the term in months. What i

SOLUTION: (Calculator) The function r(t)=0.69607+.60871InT gives the annual interest rate r, as a percent, a bank will pay on its money market accounts, where t is the term in months. What i

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Question 1054689: (Calculator) The function r(t)=0.69607+.60871InT gives the annual interest rate r, as a percent, a bank will pay on its money market accounts, where t is the term in months. What interest rate, to the nearest tenth of a percent, will the bank pay on a money market account with a term of 9 months?
Answer by Alan3354(69443) (Show Source): You can put this solution on YOUR website!

Interest = 0.69607+.60871*ln(9)
PS It's LN, for natural log, not IN.

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