xavier356 xavier356

23-12-2022
Mathematics

Answered

18. Liz is offered an interest rate of 3.84% for
a loan with simple compounding. Calculate
her equivalent rate with continuous
compounding.
[A] 0.0392 or 3.92%
[B] 0.0377 or 3.77%
IC] 0.255 or 25.5%
[D] 0.0029 or 0.29%
[E] None of these

Answer :

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