Mathematics, 12.12.2019 03:31 kingindoraptor

Tracy invested in a share of stocks with an annual interest rate of 3%. the following expression represents the value of the stock after n years.

50(1.03) ^n

find the approximate interest rate over 7 years.

a.
21%
b.
19%
c.
23%
d.
15%

Answers: 1

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More questions: Mathematics Another questions

Tracy invested in a share of stocks with an annual interest rate of 3%. the following expression represents the value of the stock after n years. 50(1.03) ^n find the approximate interest rate over 7 years. a. 21% b. 19% c. 23% d. 15%

Answers

Another question on Mathematics

Tracy invested in a share of stocks with an annual interest rate of 3%. the following expression represents the value of the stock after n years.

50(1.03) ^n

find the approximate interest rate over 7 years.

a.
21%
b.
19%
c.
23%
d.
15%