sailesd57
sailesd57
06.05.2020 • 
Mathematics

An account earns 5% annual compound interest. The amount in the account after t
years is equal to the principal times the expression (1 + 0.05)', or 1.05! To the nearest
tenth of a percent, what is the monthly compound interest rate?
4.0%
40.0%
0.004%
0.4%

Solved
Show answers

Ask an AI advisor a question