Respuesta :
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%
r=1.065-1
r=0.065
r=0.065*100%
r=6.5%
Answer: Mr. Underwoods interest rate is 6.5%
The formula to find the amount is
[tex] A = P ( 1+\frac{r}{100})^{n} [/tex]
The given function is
[tex] f(x) = 12000(1.065)^{x} [/tex]
Comparing them we get
[tex] 1 +\frac{r}{100}=1.065 [/tex]
Subtracting 1 from both sides
[tex] \frac{r}{100}=0.065 [/tex]
Multiplying by 100 on both sides
[tex] r=0.065(100) = 6.5 [/tex]
Mr.Underwoods interest rate is 6.5%
