Answer: 13.29%
Step-by-step explanation:
The formula to calculate the compound amount (compounded continuously) is given by :-
, where P is the principal amount , r is the rate of interest ( in decimal) and t is the time period.
Given : P= $ 35,000 , A= $257,000 and t=15 years
To find : r , we substitute all the values in the above formula , we get

Taking natural log on both the sides , we get

Hence, the annual interest rate = 13.29%
Answer:
given,
Amount borrowed = $71500
Time = 200 days
interest rate = 7.5 %
ordinary interest rate for year = 
= $5362.5
exact interest rate for the year = 
= $2938.35
hence, the exact interest rate is less than the ordinary interest rate which means you should choose exact interest rate.
Answer:
x=3i√6
Step-by-step explanation: