xavier356 xavier356

23-12-2022
Mathematics

Answered

17. Louis is offered an interest rate of 6.35%
for an investment with continuous
compounding. What is his equivalent rate
of interest with simple compounding?
[A] 1.23 or 12.3%
[B] 0.0593 or 5.93%
[C] 0.423 or 42.3%
ID] 0.0656 or 6.56%
[E] 0.0615 or 6.15%

Answer :

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