Question

FIND THE NUMERICAL VALUES OF THE FACTORS USING LINEAR INTERPOLATION F/P, 23%, 34

Answer 1

The factor of the expression using linear interpolation is 1139.66

What is linear interpolation?

The linear interpolation is the used to estimate the value of a function between any two known values.

The linear interpolation is given as:

F/P, 23%, 34

The factor is then calculated as:

$Factor = (1 + 23\%)^{34}$

Express 23% as decimal

$Factor = (1 + 0.23)^{34}$

Take the sum of 1 and 0.23

$Factor = (1.23)^{34}$

Evaluate the exponent

$Factor = 1139.66$

Hence, the factor of the expression using linear interpolation is 1139.66

Read more about linear interpolation at:

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