If = 3.84 and n = 36,then what is the value of r?
A)0.11
B)0.16
C)0.33
D)0.36

Name: If = 3.84 and n = 36,then what is the value of r? A)0.11 B)0.16 C)0.33 D)0.36
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Question

If  = 3.84 and n = 36,then what is the value of r?
A)0.11 
B)0.16 
C)0.33 
D)0.36

Quizplus · Accepted Answer

From the given equation:
11ea8ad4_c69e_ff44_a213_63f93fbd618f_TB1078_11 = (1 + r/12)^36 - 1
Substituting the given value of the expression as 3.84, we get:
3.84 = (1 + r/12)^36 - 1
4.84 = (1 + r/12)^36
Taking the 36th root on both sides, we get:
(1 + r/12) = 1.33
r/12 = 0.33
r = 0.33 * 12
r = 3.96
Therefore, the closest choice is C) 0.33.

If = 384 and N = 36,then What Is the Value of the Value