Answered

At Westonci.ca, we make it easy to get the answers you need from a community of informed and experienced contributors. Experience the convenience of getting reliable answers to your questions from a vast network of knowledgeable experts. Discover in-depth answers to your questions from a wide network of professionals on our user-friendly Q&A platform.

find the value of r, where r represents interest rate in decimal form.
4,000,000=6,000(1+R)^200

Sagot :

RedRicin
[tex]4,000,000=6,000(1+r)^2^0^0 \\\\ 666.67 = (1+r)^2^0^0 \\\\ \sqrt[200]{666.67} = 1+r\\\\1.033 = 1 + r \\\\\boxed{0.33 = r}[/tex]
Thank you for visiting our platform. We hope you found the answers you were looking for. Come back anytime you need more information. We appreciate your time. Please come back anytime for the latest information and answers to your questions. Westonci.ca is committed to providing accurate answers. Come back soon for more trustworthy information.