Compound interest at annual effective interest rate


A savings account earns compound interest at an annual effective interest rate i. Given that the interest rate over the the period 2 to 4.5 is 20%, find the discount rate over the time period 1 to 3.

Request for Solution File

Ask an Expert for Answer!!
Mathematics: Compound interest at annual effective interest rate
Reference No:- TGS0873709

Expected delivery within 24 Hours