Raymond B. answered 10/20/22
Math, microeconomics or criminal justice
A=Ve^kt k=r=rate of interest, t years =10
472 = 266e^10r
236/133 = e^10r
ln(236/133) = 10r
r = ln(236/133)/10
r = about 0.0573= 5.73% = interest rate
Patty M.
asked 10/19/22a coin was sold for $266 in 1975 and was sold again in 1985 for $472. find the value of k of the exponential growth rate assume V=266
Raymond B. answered 10/20/22
Math, microeconomics or criminal justice
A=Ve^kt k=r=rate of interest, t years =10
472 = 266e^10r
236/133 = e^10r
ln(236/133) = 10r
r = ln(236/133)/10
r = about 0.0573= 5.73% = interest rate
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