Compute interest rate per year-amount invested at fixed rate, Mathematics

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Compute interest rate per year-amount invested at fixed rate

Assume that $1300 is initially invested in the account at the fixed interest rate, compounded continuously. Assume also that, after two and half years, amount of money in account is given $1401. Compute interest rate per year. Write the answer as percentage.

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Mathematics: Compute interest rate per year-amount invested at fixed rate

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Request for Solution File

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Mathematics: Compute interest rate per year-amount invested at fixed rate

Reference No:- TGS0858928

Have a Question? (oR Write a Review)

Recent Questions Asked Mathematics

Q : Reduce the consequences of a serious

Q : How fast is truck traveling in mph

Q : Calculate the standard deviation for ages

Q : Determine the confidence level of this confidence interval

Q : Compute interest rate per year-amount invested at fixed rate

Q : Determine the probability-jury duty

Q : Capture event takes place at a count

Q : Find when three milligrams of drud left in body

Q : Determine corresponding range of hydrogen ion concentration

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Request for Solution File

Ask an Expert for Answer!!

Mathematics: Compute interest rate per year-amount invested at fixed rate

Reference No:- TGS0858928

Recent Questions Asked Mathematics

Q : Reduce the consequences of a serious

Q : How fast is truck traveling in mph

Q : Calculate the standard deviation for ages

Q : Determine the confidence level of this confidence interval

Q : Compute interest rate per year-amount invested at fixed rate

Q : Determine the probability-jury duty

Q : Capture event takes place at a count

Q : Find when three milligrams of drud left in body

Q : Determine corresponding range of hydrogen ion concentration

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