maths
£800 is invested at r % per annum. After 6 years it has grown to £955.24
; Use a trial and improvement method to find the value of r
; Use a trial and improvement method to find the value of r
Original post by coolgandharv
£800 is invested at r % per annum. After 6 years it has grown to £955.24
; Use a trial and improvement method to find the value of r
; Use a trial and improvement method to find the value of r
As the starting point for your trial and improvement method, you could get the rate corresponding to simple interest, then see what happens when you change it a bit (compound interest). Or just guess some values for the interest rate.
(edited 2 months ago)
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