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OpenStudy (anonymous):
The Kovalam Bank advertises savings account interest as 6% compounded daily. What is the effective interest rate?
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OpenStudy (anonymous):
\[i _{e} = (1 + i _{s})^{m}-1\]
OpenStudy (anonymous):
is = 0.06 m = 365
OpenStudy (anonymous):
@perl What about this one?
OpenStudy (perl):
|dw:1413361971570:dw|
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