Answer: 15
Step-by-step explanation:
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Answer:
The earning rate is approximately 0.08.
Step-by-step explanation:
We can determine the yearly rate by means of compound interest, which is defined by:
(Eq. 1)
Where:
- Initial deposit, measured in US dollars.
- Earning rate, dimensionless.
- Earning periods, measured in years.
We proceed to clear the earning rate within:






If we know that
and
, then the earning rate is:


The earning rate is approximately 0.08.
Pi is actually one of the letters of the Greek alphabet, but it is most known in the math field as the ratio between the circumference of a circle and the circle's diameter.
There is no exact measure of pi, as it does not terminate but it starts like:
3.14159265