Register

2. Suppose that 0.5% is an annual interest rate. In the formula y = a. b*, what value would you use for b?

2. Suppose that 0.5% is an annual interest rate. In the formula y = a. b*, what value would you use for b?
asked 70.9k views
3 votes
2. Suppose that 0.5% is an annual interest rate. In the formula y = a. b*, what

value would you use for b?

asked
User Yograj Gupta
by
8.4k points

2 Answers

7 votes

Answer:

b=1.005

Step-by-step explanation:

b=(1+0.5%)

=1+0.005

=1.005

Explanation:

answered
User Tim Raynor
by
8.4k points
2 votes

Answer:

b=1.005

Explanation:

b=(1+0.5%)

=1+0.005

=1.005

answered
User Mark Lu
by
8.0k points
← Prev Question Next Question →

No related questions found

Ask a Question
Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.

Categories

Other Questions

How do you can you solve this problem 37 + y = 87; y =
What is .725 as a fraction
How do you estimate of 4 5/8 X 1/3
Link Copied!