math exams, SAT, GRE, GMAT, CLEP college Algebra,CLEP precalculus

Processing math: 20%

Creative Commons License

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: $\frac{\sqrt{13}-1}{2}$

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)