Mathematics, 14.07.2020 19:01, jakhunter354

Given the equation A=250(1.1)t, you can determine that the interest is compounded annually and the interest rate is 10%. Suppose the interest rate were to change to being compounded quarterly. Rewrite the equation to find the new interest rate that would keep A and P the same. What is the approximate new interest rate? Convert your answer to a percentage, round it to the nearest tenth, and enter it in the space provided, like this: 42.53%

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Given the equation A=250(1.1)t, you can determine that the interest is compounded annually and the i...