121k views
5 votes
Need help please! Exponential function! 1 question!

Need help please! Exponential function! 1 question!-example-1
User Koddo
by
6.6k points

2 Answers

3 votes
Hey The effective Annual interest is 3.67 °/•
User Zane
by
8.2k points
2 votes
A calculator fitting the data with an exponential model shows the annual multiplier is approximately 1.0367.

The effective annual interest rate is 3.67%.
Need help please! Exponential function! 1 question!-example-1
User Mike Green
by
7.2k points