3 years ago

535.29 = 400(1 + r) 5

Mathematics

1 answer:

joja [24]3 years ago

7 0

Answer:

Step-by-step explanation:

$(1+r)^5=\frac{535.29}{400} \\1+r=(\frac{535.29}{400}) ^{\frac{1}{5} } \\1+r \approx 1.06\\r \approx .06$

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