That would be 8. first parenthesis, then multiply, then subtract.
Answer:
3.045%.
Step-by-step explanation:
We are asked to find the corresponding effective interest rate for 3% per year compounded continuously.
We will use effective interest formula to solve our given problem.
, where,
r = Effective interest rate,
e = Mathematical constant,
r = Interest rate in decimal form.
Let us convert given interest rate in decimal form.
Substitute values:
Convert into percentage:
Therefore, the corresponding interest rate would be 3.045%.
Answer:
Multiply each number by the little number next to it then add. It will be a huge number.
Step-by-step explanation: Above.