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genesisiliana genesisiliana
  • 05-04-2015
  • Mathematics
Answered

find the value of r, where r represents interest rate in decimal form.

4,000,000=6,000(1+R)^200

Verified Answer :

RedRicin
RedRicin RedRicin
  • 05-04-2015

\(4,000,000=6,000(1+r)^2^0^0 \\\\ 666.67 = (1+r)^2^0^0 \\\\ \sqrt[200]{666.67} = 1+r\\\\1.033 = 1 + r \\\\\boxed{0.33 = r}\)

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