Tom deposits 100 in a bank nominal interest rate is 10 how
Tom deposits $100 in a bank; nominal interest rate is 10%. How much interest rate will he earn after
(a) 1 day (continuously compound)
(b) 6 months (compound monthly)
(c) 120 days (compounded daily)
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tom deposits 100 in a bank nominal interest rate is 10 how much interest rate will he earn aftera 1 day continuously
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