Interest Rate A sum of $1000 was invested for 4 years, and the interest was compounded semiannually. If this sum umounted to $1435.77 in the given time, what was the inter- est rate?
Interest Rate A sum of $1000 was invested for 4 years, and the interest was compounded semiannually. If this sum umounted to $1435.77 in the given time, what was the inter- est rate?
Algebra and Trigonometry (MindTap Course List)
4th Edition
ISBN:9781305071742
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter4: Exponential And Logarithmic Functions
Section4.5: Exponential And Logarithmic Equations
Problem 94E
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