SOLUTION: using A=P(1+r)^t work this out:
A=$400,P=$20,t=35 what is rate?
Compute using compound interest:
$6,00,4%,daily,3 years
Algebra.Com
Question 960991: using A=P(1+r)^t work this out:
A=$400,P=$20,t=35 what is rate?
Compute using compound interest:
$6,00,4%,daily,3 years
Answer by Alan3354(69443) (Show Source): You can put this solution on YOUR website!
using A=P(1+r)^t work this out:
A=$400,P=$20,t=35 what is rate?
-----
400 = 20*(1+r)^35
20 = (1+r)^35
1 + r =~ 1.08936
r =~ 0.08936
r = 8.936%
=========================
Compute using compound interest:
$6,00,4%,daily,3 years
$6*(1 + 0.04/365)^1095
Just calculator work.
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