Wednesday

April 23, 2014

April 23, 2014

Posted by **Cody** on Sunday, October 14, 2012 at 10:11pm.

I just need to know how to set it up. Please and thanks

- Math. easy? -
**Reiny**, Sunday, October 14, 2012 at 10:25pmlet the monthly rate be r

then 112(1+r)^12 = 121

(1+r)^12 = 1.080357..

take 12th root

1+r = 1.0064618

r = .0064618 --- monthly rate

BTW, I answered this question for somebody yesterday, perhaps it was you.

In that solution I missed the "monthly" part and took it as an annual rate

**Related Questions**

Math - On his 13th birthday he was 112 cm tall and on his 14th birthday he was ...

Physics - Samantha is 1.15 m tall on her eleventh birthday and 1.32 m tall on ...

physics - Samantha is 1.15 m tall on her eleventh birthday and 1.32 m tall on ...

physics - Samantha is 1.32 m tall on her eleventh birthday and 1.57 m tall on ...

Lang Arts. - We have to write a tall tale in my launguage arts class, mine is ...

math - Chris received $1 on his first birthday,$3 on his second birthday,$6 on ...

math - Your great uncle gave you $2 on your first birthday, $4 on your 2nd ...

math - Your great uncle gave you $2 on your first birthday, $4 on your 2nd ...

3rd grade - My daughter has a math problems that reads. Steve's birthday is ...

math - Mary's birthday is between June 13 and June 23. The date of her birthday ...