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3 Mar 2021
170$ has been invested in an account earning 3% rate of interest (APR),compounded quarterly. Write a function showing the value of account after t years,where annual growth rate can be found from constant of the function. Round all coefficients in the function to 4 decimal places.Also,determine the percentage of growth per year(APY),to the nearest hundredth of percentage.
170$ has been invested in an account earning 3% rate of interest (APR),compounded quarterly. Write a function showing the value of account after t years,where annual growth rate can be found from constant of the function. Round all coefficients in the function to 4 decimal places.Also,determine the percentage of growth per year(APY),to the nearest hundredth of percentage.
30 Mar 2023
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2 Jun 2021
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