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10 April, 11:35

Mr. Underwood uses the function f (x) = 12000 (1.065) ^x to calculate the growth of his savings account. Which of the following is Mr. Underwoods interest rate

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  1. 10 April, 13:35
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    Mr UNderwoods interest rate is:

    r=1.065-1

    r=0.065

    r=0.065*100%

    r=6.5%

    Answer: Mr. Underwoods interest rate is 6.5%
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