OpenStax, Algebra and Trigonometry 2e §6.1 Exponential Functions · Exercise 45 · Algebra · Exponentials & logarithms

Exponential Functions · Exercise 45

Use the compound interest formula, $A (t) = P (1 + \frac{r}{n})^{n t} .$

Use properties of rational exponents to solve the compound interest formula for the interest rate, $r .$

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OpenStax, Algebra and Trigonometry 2e · §6.1 Exponential Functions · Exercise 45

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