Mathematics, 03.10.2019 01:00 10040816
1.3 george invested n$ 12550 for 5 years. after 5 years, he received a total amount of n$ 22500 from his investment. calculate the annual rate at which interest was paid? (5)
Answers: 2
![FV= PV(1+i)^n\\\\22500=12550(1+i)^5\\\\\frac{22500}{12550}=(1+i)^{5}\\ \\\sqrt[5]{\frac{22500}{12550} }=1+i \\\\\sqrt[5]{\frac{22500}{12550} }-1=i\\\\0.1238=i\\\\](/tpl/images/0284/7532/db807.png)
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1.3 george invested n$ 12550 for 5 years. after 5 years, he received a total amount of n$ 22500 from...
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