xavier356 xavier356

23-12-2022
Mathematics

contestada

20. Keith is offered an interest rate of 8.27% for a
loan with continuous compounding. Calculate
his equivalent rate with simple compounding.
[A] 0.0795 or 7.95%
[B] 0.0998 or 9.98%
[C] 0.0106 or 1.06%
[D] 0.0863 or 8.63%
[E] 0.1108 or 11.08%

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