Mathematics, 04.02.2021 20:20 georgesarkes12
Given the equation A=250(1.1)t, you can determine that the interest is compounded annually and the interest rate is 10%. Suppose the interest rate were to change to being compounded quarterly. Rewrite the equation to find the new interest rate that would keep A and P the same. What is the approximate new interest rate? (it's not 2.41 or 2.5)
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Given the equation A=250(1.1)t, you can determine that the interest is compounded annually and the i...
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