Answer:
1.55%
Step-by-step explanation:
Fill in the values and solve for the rate using the future value formula.
FV = P(1 +r/n)^(nt)
4720 = 4300(1 +r/12)^(12·6)
(4720/4300)^(1/72) = 1 +r/12
r = 12(4720/4300)^(1/72) -1) ≈ 0.015542
The annual interest rate is about 1.55%.
Answer:
when we put 1 from a2 we can say that a2 equal to 2 because 2.5^n-1= 2
Step-by-step explanation:
answer is b
Im sorry i need the point but I’ll calculated later once I’m done
