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#27

From: Siobhan Michaels
Date: Thu, 08 Apr 1999 00:00

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Hey. i'm 15 and studying for exams at the mo. i've been doing some practice
questions and i got stuck on this one:
In 1997 a bank's interest charges were 1.65% per month. The interest was
charged compound. How much is the interest rate per year (the APR)?
The answer in the book was 21.7% but i can't figure out how they got that,
so could someone please explain.
Also, i can't grasp the topic of surds and could anyone help me with that??
Thanx
--
Siobhan
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From: "Siobhan Michaels" <micfam@globalnet.co.uk>
Subject: Need Urgent Help
Date: 1999/04/08
Message-ID: <7eilld$ng8$1@newnews.global.net.uk>
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