looks good, if you want the weekly interest rate.
You sure you don't want the annual interest rate?
Maxwell purchased $15,000 worth of 52-week T-Bills for $14,650. What will the rate of return be on his investment?
Did I set the equation right?
A= 15,000 P=14,650 t=52 weeks r=?
15,000=14650(1+r*52)
3 answers
How do I set it up for the annual rate?
come on -- just multiply by 52 weeks in a year, right?
1 answer