Question

Help please, I’m not sure how to solve this at all

Answer 1

Explanation:

`e^(.09*10)=(1+(x)/(12))^((12*10))\\e^(.9)=(1+(x)/(12))^(120)\\e^{(.9)/(120)}=1+(x)/(12)\\12(e^{(.9)/(120)}-1)`

^ that's the exact answer. Put that into a calculator and get .090338345334

which rounds to 9.03%