Question

Euler bank advertises that it compounds interest continuously and that it will double your money in 31 yr. What is the annual interest rate?

Answer 1

Explanation:

The annual interest rate, sometimes called the standard annual interest rate or base rate, is the percentage value you usually see first when comparing financial products. It's the basic interest that you'll pay on your loan or earn on your savings account without taking compounding or fees into consideration.

Answer 2

Answer -

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• Euler Bank advertises that it compounds interest continuously and that it will double your money in 26 yr. What is the annual interest rate

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