SOLUTION: Find the effective rate of interest.
50.11% compounded daily
Possible answer:
a. 50.233%
b. 51.015%
c. 50.315%
d. 64.997%
Algebra.Com
Question 1046598: Find the effective rate of interest.
50.11% compounded daily
Possible answer:
a. 50.233%
b. 51.015%
c. 50.315%
d. 64.997%
Answer by robertb(5830) (Show Source): You can put this solution on YOUR website!
===> r = 0.64997, so the effective rate of interest is 64.997%.
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