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Mathematics, 12.12.2019 03:31 kingindoraptor

Tracy invested in a share of stocks with an annual interest rate of 3%. the following expression represents the value of the stock after n years.

50(1.03) ^n

find the approximate interest rate over 7 years.

a.
21%
b.
19%
c.
23%
d.
15%

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Answers: 1

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