Question

read further... compound interest problem

Answer 1

The file doesn't work for me.

Answer 2

i had to open it in Word

Answer 3

Still nothing.
Oh well. :/

Answer 4

@music101 This is the second time your files are faltering. Are you using some encryption software or specific version of the program?

Answer 5

http://prntscr.com/1gmolz

Answer 6

\[A = P(1 + i)^{n}\]

IS this the formula you use at your institution?

Answer 7

browser is rejecting the file, but it opens fine in word

Answer 8

thnk ganesh

Answer 9

a=p(1+(r/n)^nt

Answer 10

If so than

\[2, 262.82 = 2000(1+i)^{5}\]
\[1.\[\ln1.13141 = 5\ln(1+i)\]13141 = (1+i)^{5}\]

solve the rest!!

Answer 11

I got 1.025

Answer 12

but I didn't exactly solve it ur way

Answer 13

1.025 is correct !

Answer 14

r = 1.025, so whats the interest rate ?

Answer 15

102.5??? does that make sense

Answer 16

Good job but the correct answer is 2.5 %

Answer 17

You have to subtract the 1.

Answer 18

which bank gives you 100.5 % interest rate ha ? all interest rates are below 10 oly generally

Answer 19

jk! 2.5%?

Answer 20

cool! you have to subtract 1 ^^ mebs

Answer 21

oh ok.... :p

Answer 22

what he said...

Answer 23

1.025 - 1

.025

Answer 24

multiply it wid 100 to convert it to %

.025 x 100

2.5 %

Answer 25

ok thnks to both of u!

Answer 26

np :)