Register

What is the annual compound interest rate for an investment account modeled by the function y = 12 • 1.18x?

What is the annual compound interest rate for an investment account modeled by the function y = 12 • 1.18x?
57.9k views
3 votes
What is the annual compound interest rate for an investment account modeled by the function y = 12 • 1.18x?

User Bernk
by
8.7k points

1 Answer

5 votes
y=12 x 1.18x
12x 1.18x=14.16x
User Latoya
by
8.8k points
← Prev Question Next Question →

No related questions found

Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.4m questions

12.2m answers

Categories

Other Questions

How do you can you solve this problem 37 + y = 87; y =
What is .725 as a fraction
How do you estimate of 4 5/8 X 1/3
Link Copied!