What is the semi-annual rate of growth for the following function? A=P(1+0.025/2)2t A. 12.5% B. 1.3% C. 1.25% D. 0.125%

College Algebra
7th Edition
ISBN:9781305115545
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter4: Exponential And Logarithmic Functions
Section: Chapter Questions
Problem 96E
Question

What is the semi-annual rate of growth for the following function?

A=P(1+0.025/2)2t

A. 12.5%

B. 1.3%

C. 1.25%

D. 0.125%

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