A pencil at a stationary store costs $1, and a pen costs $1.50. Stefan spent $7 at the store. He bought a total of 6 items. Whic
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This is because
And
For this reason,
Positive indices mean we have to multiply the same number twice or thrice based on the value of the index. On the other hand, negative indices mean we have to divide by the same number twice or thrice based on the value of the index.
21
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Use the attached formula.
exp = [log (total / principal) / n*years]
where "n" is compounding periods per year
exp = [log (7,194.66 / 2,978.41) / (365*21)
exp = log ( <span> <span> <span> 2.4156042989 </span> </span> </span> ) / 7,665
exp = log ( <span> <span> 2.4156042989 </span> </span> ) / 7,665
exp = 0.38302579382 / 7,665
exp = <span> <span> <span> 0.00004997074935681670 </span> </span> </span>
rate = (10^exp -1)* n
rate = (10^<span>0.00004997074935681670 -1) * n
</span>rate = <span><span>(1.0001150685 </span> -1) * 365
</span>rate = <span>(.0001150685) * 365</span>
rate = <span> <span> <span> 0.0420000025 </span> </span> </span>
rate = <span>4.20000025 %
rate = 4.2 %
Yes, it's just that easy. LOL
</span>
exp = [log (total / principal) / n*years]
where "n" is compounding periods per year
exp = [log (7,194.66 / 2,978.41) / (365*21)
exp = log ( <span> <span> <span> 2.4156042989 </span> </span> </span> ) / 7,665
exp = log ( <span> <span> 2.4156042989 </span> </span> ) / 7,665
exp = 0.38302579382 / 7,665
exp = <span> <span> <span> 0.00004997074935681670 </span> </span> </span>
rate = (10^exp -1)* n
rate = (10^<span>0.00004997074935681670 -1) * n
</span>rate = <span><span>(1.0001150685 </span> -1) * 365
</span>rate = <span>(.0001150685) * 365</span>
rate = <span> <span> <span> 0.0420000025 </span> </span> </span>
rate = <span>4.20000025 %
rate = 4.2 %
Yes, it's just that easy. LOL
</span>