Question

2. Suppose that 0.5% is an annual interest rate. In the formula y = a. b*, what

value would you use for b?

Answer 1

b=1.005

Step-by-step explanation:

b=(1+0.5%)

=1+0.005

=1.005

Explanation:

Answer 2

b=1.005

Explanation:

b=(1+0.5%)

=1+0.005

=1.005