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This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported License. math exams: Question FM 11/11/2011 10:26

Friday, November 11, 2011

Question FM 11/11/2011 10:26

It is known that an investment of 100 will accumulate to 680 at the end of 20 years. If it is assumed that the investment earns simple interest at rate i during the 1st year, 2i during the 2 nd years,...,20i during the 20 th year, find i.

Ans: $2.76\%$

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