Abby invested X at time 0, in an account with an annual effective interest rate of 7%.

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Rebecca invested Y at time 3, in an account with simple interest. They both have the same force of interest in year 5.

What is Rebecca's annual interest rate?

Related Book For answer-question

Business Math

ISBN: 978-0133011203

10th edition

Authors: Cheryl Cleaves, Margie Hobbs, Jeffrey Noble

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Posted Date: Nov 22, 2019 11:09 AM

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Abby invested X at time 0, in an account with an annual effective interest rate of 7%.

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consider abby given he invested x at time 0 r7 time 5years The force of inte... View the full answer

Business Math

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