What simple interest rate is necessary for $850 to be worth $1200 after 15 years? Enter your answer as a percentage, rounded to one decimal place (tenth of a percent) if rounding is necessary. The % symbol is already listed next to the answer box, so do not type the % symbol in your answer.
What simple interest rate is necessary for $850 to be worth $1200 after 15 years? Enter your answer as a percentage, rounded to one decimal place (tenth of a percent) if rounding is necessary. The % symbol is already listed next to the answer box, so do not type the % symbol in your answer.
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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What simple interest rate is necessary for $850 to be worth $1200 after 15 years? Enter your answer as a percentage, rounded to one decimal place (tenth of a percent) if rounding is necessary. The % symbol is already listed next to the answer box, so do not type the % symbol in your answer.
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