What is G if B = A × (1+G)T and B = 3,455, A = 1,969, and T = 8? Answer as a rate in decimal format so that 12.34% would be ente red as .1234 and 0.98% would be entered as .0098.
1 answer:
Answer:
G=0.0728
Step-by-step explanation:
The expression given is:
This expression has the format of a compounded interest at a rate G for a time T. If B = 3,455, A = 1,969, and T = 8, the value of the rate G is determined by:
The rate G is 0.0728.
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