Money in a bank account earns 7 simple interest per year a
Money in a bank account earns 7% simple interest per year.
(a) What is the effective rate of interest for the time interval [3,4]?
(b) What is the effective rate of discount for the time interval [3,4]?
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money in a bank account earns 7 simple interest per yeara what is the effective rate of interest for the time interval
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