Answer:
Step-by-step explanation:
40-j=8
Sent the solution and how I solved it.
The first one is 1,600
the second one is 321,489
Answer:
9.33%
Step-by-step explanation:
Step one:
given
Principal= $10,000
Final amount = $150,000
time = 50-21= 29 years
Required
The rate
Step two:
to solve for the rate we can apply the formula for rate as
r = ln(A/P) /t
r= ln(150000/10000)/29
r= ln(15)/29
r=2.7080502011/29
r=0.0933
r= 0.0933*100
r= 9.33%
