Mathematics, 07.02.2022 09:20, noobieplayerxd
Please help me with this question and I need explanation/reason clearly. If no explanation given I might have to report.
Here's the question:
Bill invests £500 on 1st January 2004 at a compound interest rate of R% per annum(means per year).
The value, £V, of this investment after n years is given by the formula:
V=500*(1.045)^n
a)Write down the value of R.
Answers: 2
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