Philippa took out a $860 discounted loan for a period of m months and the simple interest rate was 6%. The amount that was actually disbursed into her bank account was $838.50. Calculate the effective interest rate of this loan, to the nearest 0.01%.

Create a question with this scenario you could ask that could be answered only by graphing or using logarithm. david estimated he had about 20 fish in his pond. a year later, there were about 1.5 times as many fish. the year after that, the number of fish increased by a factor of 1.5 again. the number of fish is modeled by f(x)=20(1.5)^x.