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Suppose $100 was deposited in 2020 and $200 was withdrawn in 2030, emptying the account. What was the annual interest rate? 2.

Suppose $100 was deposited in 2020 and $200 was withdrawn in 2030, emptying the account. What was the annual interest rate? 2.

Elements Of Electromagnetics
Elements Of Electromagnetics
7th Edition
ISBN:9780190698614
Author:Sadiku, Matthew N. O.
Publisher:Sadiku, Matthew N. O.
ChapterMA: Math Assessment
Section: Chapter Questions
Problem 1.1MA
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2. Suppose $100 was deposited in 2020 and $200 was withdrawn in 2030, emptying the account. What was the annual interest rate? Show any work; partial credit might not be awarded in the absence of mnemonic notation [e.g., F(P/F, i, n)]. 23 PriScn, Home FS F7 F2 F1 %23 %2$ IT F G
Transcribed Image Text:2. Suppose $100 was deposited in 2020 and $200 was withdrawn in 2030, emptying the account. What was the annual interest rate? Show any work; partial credit might not be awarded in the absence of mnemonic notation [e.g., F(P/F, i, n)]. 23 PriScn, Home FS F7 F2 F1 %23 %2$ IT F G
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