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23 August, 05:54

2. Suppose that 0.5% is an annual interest rate. In the formula y = a. b*, what

value would you use for b?

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Answers (2)
  1. 23 August, 06:18
    0
    b=1.005

    Step-by-step explanation:

    b = (1+0.5%)

    =1+0.005

    =1.005
  2. 23 August, 06:23
    0
    b=1.005

    Step-by-step explanation:

    b = (1+0.5%)

    =1+0.005

    =1.005
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