Question: 3 - 1 0 ( a ) If $ 1 6 0 at Time 0 will be worth $ 1 7 0 a year later

3-10
(a)If $160 at Time 0 will be worth $170 a year later and was $150 a year ago, compute the interest rate for the past year and the interest rate next year.
(b)Assume that $150 invested a year ago will return $170 a year from now. What is the annual interest rate in this situation?

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