loveon5thave
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- Mar 30, 2011
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can someone explain how to solve this to me?
A sum of $1000 was invested for 4 years, and the interest was compounded semiannually. If this sum amounted to $1435.77 in a given time, what was the interest rate?
How would i set this up and solve?
A sum of $1000 was invested for 4 years, and the interest was compounded semiannually. If this sum amounted to $1435.77 in a given time, what was the interest rate?
How would i set this up and solve?