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16.04.2020 •
Mathematics
Consumers are record amounts of fees for overdrawing their bank accounts. In 2007, banks, thrifts, and credit unions collected $45.1 billion in overdraft fees, which is $14.5 billion more than in 2001. What is the percent of increase?
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Ответ:
ending amount is 1649=a
p=initial amount=100
t=10
r=r
so
1649=100e^{10r}
divide both sides by 100
16.49=e^{10r}
take ln of both sides
ln(16.49)=10r
divide both sides by 10
(ln(16.49))/10=r
use calculator
0.28027=r
about 28% interest