Interest Formula. Suppose you work at a bank and the manager provides a new type of formula to calculate interest when m
Posted: Sat Jul 09, 2022 2:19 pm
Interest Formula. Suppose you work at a bank and the manager provides a new type of formula to calculate interest when merging two loans together. Suppose there are two loans with one interest rate at 3% and a second loan at 4%. The manager writes the first part of the formula for the new interest rate as e(3ln(4) + 4ln(3)) Which of the following is equivalent to the manager's expression? 2592 e-17 5184 e5184 e64+e81 e2592 145