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2. Suppose that 0.5% is an annual interest rate. In the formula y = a. b*, what value would you use for b?
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3 votes
2. Suppose that 0.5% is an annual interest rate. In the formula y = a. b*, what

value would you use for b?

User Yograj Gupta
by
5.3k points

2 Answers

7 votes

Answer:

b=1.005

Step-by-step explanation:

b=(1+0.5%)

=1+0.005

=1.005

Explanation:

User Tim Raynor
by
5.3k points
2 votes

Answer:

b=1.005

Explanation:

b=(1+0.5%)

=1+0.005

=1.005

User Mark Lu
by
4.6k points
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