Answer:
2.3%
Step-by-step explanation:
18000 = 15000( 1 + i)^8
Divide both sides by 15000
1.2 = (1 + i)^8
Take both sides to the 1/8 power
1.2^(1/8) = 1 + i
1.023051875220463 = 1 + i
Subtract 1 from both sides
i = 0.023051875220463
~ 2.3%
Decimal form - 8.24
mixed number form - 8 1/4
Answer 67+67=6886
Step-by-step explanation:
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