At what simple interest rate (in 4 decimals) will you have an interest of PhP 805 and a maturity value of PhP 2,321 if the term of the investment is 48 months? ROUND-OFF YOU ANSWER IN 4 DECIMAL PLACES. Example: 0.2331
At what simple interest rate (in 4 decimals) will you have an interest of PhP 805 and a maturity value of PhP 2,321 if the term of the investment is 48 months? ROUND-OFF YOU ANSWER IN 4 DECIMAL PLACES. Example: 0.2331
Chapter6: Exponential And Logarithmic Functions
Section: Chapter Questions
Problem 5RE: A retirement account is opened with an initialdeposit of 8,500 and earns 8.12 interest compounded...
Related questions
Question
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 2 steps
Recommended textbooks for you
Functions and Change: A Modeling Approach to Coll…
Algebra
ISBN:
9781337111348
Author:
Bruce Crauder, Benny Evans, Alan Noell
Publisher:
Cengage Learning
Functions and Change: A Modeling Approach to Coll…
Algebra
ISBN:
9781337111348
Author:
Bruce Crauder, Benny Evans, Alan Noell
Publisher:
Cengage Learning