Maggie spent half of the money in her savings account on a new computer.if the computer was $345, how much money was in her savi
1 answer:
You might be interested in
The nominal rate to plug in will be 0.085.
Given to us, the nominal rate is 8.5%,
The value to plug into your equation,
The equation can be simple interest or compound interest in both cases the value of the nominal rate to the plugin will be the same.
Thus, the nominal rate is 8.5% can be written as
Hence, the nominal rate to plug in will be 0.085.
To know more visit: