xavier356 xavier356

23-12-2022
Mathematics

Answered

19. Eva is offered an interest rate of 5.28% for
her savings with simple compounding. What
is her equivalent rate with continuous
compounding?
[A] 0.0543 or 5.43%
[B] 0.0515 or 5.15%
ICI 0.5031 or 50.31%
[D] 0.3478 or 34.78%
E] 0.0508 or 5.08%

Answer :

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