Mathematics, 17.11.2020 20:50 queenjade582
The expression (1.0245)^6t models the interest charged for a student loan over time, t , in years. Which of the following statements are true about this situation? Select all that apply.
- the yearly interest rate is about 16%
- the daily interest rate is about 0.04 %
- the yearly interest rate is about 116%
- the monthly interest rate is about 1.2%
- the daily interest rate is about 1.0004$
Answers: 3
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The expression (1.0245)^6t models the interest charged for a student loan over time, t , in years. W...
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