Mathematics, 24.01.2020 23:31 phillswift2020
Acompany invests $15,000.00 in an account that compounds interest annually. after two years, the account is worth $16,099.44. use the function in which r is the annual interest rate, p is the principal, and a is the amount of money after t years. what is the interest rate of the account?
a = p(1 + r)t
1.04%
3.6%
5.4%
7.3%
Answers: 3
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Acompany invests $15,000.00 in an account that compounds interest annually. after two years, the acc...
Computers and Technology, 06.12.2019 04:31
Computers and Technology, 06.12.2019 04:31
Computers and Technology, 06.12.2019 04:31
Computers and Technology, 06.12.2019 04:31