
Jada H.
asked 10/23/20exponental function find monthy and quarterly rate of problem in description
f(t)=500(1.055)^t
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1 Expert Answer

Mark M. answered 10/23/20
Tutor
5.0
(278)
Mathematics Teacher - NCLB Highly Qualified
Monthly: 5.5% / 12
Quarterly: 5.5% / 4
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Mark M.
The rate in the given function is 5.5%.10/23/20