Friday

August 22, 2014

August 22, 2014

Posted by **Anonymous** on Tuesday, September 3, 2013 at 9:51pm.

- finite math -
**Reiny**, Tuesday, September 3, 2013 at 10:15pmlet the rate be i

220000(1+i)^5 = 270000

(1+i)^5 = 1.2272727...

take 5th root

1+i = 1.0418..

i = .0418 or appr 4.2% correct to the nearest tenth

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