Gilbert Strang, Calculus, 3rd edition (Wellesley-Cambridge Press; MIT OpenCourseWare RES.18-001) §6.6 Powers Instead of Exponentials, #32 · Calculus · Applications of derivatives

At 10% interest compounded daily, what is the effective rate

Assume 10% interest (so $a = 1 + i = 1.1$ ).

At 10% interest compounded daily, what is the effective rate?

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Gilbert Strang, Calculus, 3rd edition (Wellesley-Cambridge Press; MIT OpenCourseWare RES.18-001) · §6.6 Powers Instead of Exponentials, #32

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