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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 9:24

Friday, November 11, 2011

Question FM 11/11/2011 9:24

Find the exact effective rate of interest at which payments of $\$300$ at the present, $\$300$ at the end of one year, and $\$300$ at the end of two years will accumulate to $\$900$ at the end of two years.

Ans: $\frac{\sqrt{13}-1}{2}$
Posted by Ssafini : at 6:29 PM

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