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About LinkBacksI would use the model
where A = annuities, P = principal amount invested, r = rate, t = time in years
Therefore
as the amount doubled over 6.8 years, using (t,A) = (6.8,8000) gives
Can you solve for r?
Spoiler:
10.19% just what i was looking forOriginally Posted by pickslides
I would use the model
where A = annuities, P = principal amount invested, r = rate, t = time in years
Therefore
as the amount doubled over 6.8 years, using (t,A) = (6.8,8000) gives
Can you solve for r?
Spoiler:
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