Question: A loan is made at time 0 at simple interest at a rate of 5%. (a) In which period is this equivalent to an effective

A loan is made at time 0 at simple interest at

a rate of 5%. (a) In which period is this equivalent to

A loan is made at time 0 at simple interest at a rate of 5%. (a) In which period is this equivalent to an effective rate of 221 ? n= (b) What is the effective interest rate for the interval [4,6] ? (Round your answer to hundredth of a percent, two decimal places within the percentage.) % Given that Ak(t)=100t2000 for 0t

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