Asked by Tourist
Use the compound interest equation B(t)=800(1.0001)^365t to answer the questions.
A: What is the the equation rewritten in the form B(t)=P(1+r/n)^nt? (Assume n=365.)
B: What is the interest rate, r, as a percentage?
A: What is the the equation rewritten in the form B(t)=P(1+r/n)^nt? (Assume n=365.)
B: What is the interest rate, r, as a percentage?