Gilbert Strang, Calculus, 3rd edition (Wellesley-Cambridge Press; MIT OpenCourseWare RES.18-001) §6.6 Powers Instead of Exponentials, #43 · Calculus · Applications of derivatives
My Visa statement says monthly rate = 1.42% and yearly rate =…
My Visa statement says monthly rate = 1.42% and yearly rate = 17%. What is the true yearly rate, since Visa compounds the interest? Give a formula or a number.
Gilbert Strang, Calculus, 3rd edition (Wellesley-Cambridge Press; MIT OpenCourseWare RES.18-001) · §6.6 Powers Instead of Exponentials, #43
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