Zzz Z.

asked • 05/27/21

Consider the compound interest equation B(t)=100(1.1664)^t Assume that n=2, and rewrite B(t) in the form B(t)=P(1+r/n)^nt. What is the interest rate, r, written as a percentage?

Enter your answer as a whole number, like this: 42


1 Expert Answer

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Doug C. answered • 05/27/21

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Zzz Z.

thank you for your help. it still shows as incorrect
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05/28/21

Doug C.

I assume you entered 11? Did you try 12?
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05/28/21

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