10) a =-1, r=-5, n= 9 A) -357162 B) -325521 C) -310366 D) -1/6
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Let's substitute the value of x as 8 in the given equation to find the value of y ~
The answer is "<span>the number of times the account compounds interest</span>".
The general formula is the following:
wherein r is the interest rate compound each four months.
Since there is 3*4 months in a year, then each year we compute the interest Three time, there where the factor 3 comes.
The general formula is the following:
wherein r is the interest rate compound each four months.
Since there is 3*4 months in a year, then each year we compute the interest Three time, there where the factor 3 comes.