Thursday, October 22, 2015

Compound

Problem:



Solution:

a)
Decimal Form 0.00416666666666667
Percentage Form 0.416666666666667%

b)
Decimal Form 0.01675
Percentage Form 1.675%

c)
Decimal Form 8.76712328767123E-05
Percentage Form 0.00876712328767123%

d)
Decimal Form 0.08
Percentage Form 8%

Note that for part d, the rate is not APR, there is no need to adjust for that one. That is a crazy high rate.

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