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Mathematics, 28.06.2019 11:30 leannamat2106

The total amount of money in a savings account after t years is given by the function a=1000(1.031)^t . how could this function be rewritten to identify the monthly interest rate? what is the approximate monthly interest rate?

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The total amount of money in a savings account after t years is given by the function a=1000(1.031)^...
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