Asked by Emma
In investors deposits 10000.ten years later it is worth 17910.what rate of return did the investors earns on investment
Answers
Answered by
Reiny
10000 = 17910(1+i)^10
(1+i)^10 = 1.791
take the 10th root of both sides, solve for i
(1+i)^10 = 1.791
take the 10th root of both sides, solve for i
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