For example the expression 1.15 to the π΅ power can be rewritten as ((1.15 to the 1/12 power) to the 12π΅ power) is approximately equal to (1.012 to the 12π΅ power) to reveal the approximate equivalent monthly interest rate if the annual rate is 15%.

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# For example the expression 1.15 to the π΅ power can be rewritten as ((1.15 to the 1/12 power) to the 12π΅ power) is approximately equal to (1

Massachusetts DOE

Last updated:

2015-04-08 13:03:28

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### Related standards

- This standard is part of: A-SSE.B.3.c
- This standard is derived from: For example the expression 1.15α΅ can be rewritten as (1.15ΒΉ/ΒΉΒ²)ΒΉΒ²α΅ β 1.012ΒΉΒ²α΅ to reveal the approximate equivalent monthly interest rate if the annual rate is 15%.

#### Similar standards elsewhere

Standards derived from the same national standard

Arkansas DOE

Last updated:

2016-09-02 09:00:43

Maryland DOE

Last updated:

2020-08-30 01:21:32

For example the expression 1.15 to the π΅ power can be rewritten as ((1.15 to the 1/12 power) to the 12π΅ power) is approximately equal to (1.012 to the 12π΅ power) to reveal the approximate equivalent monthly interest rate if the annual rate is 15%.

North Dakota DOE

Last updated:

2016-05-23 11:26:47

New Hampshire DOE

Last updated:

2013-06-20 14:06:13

Alabama DOE

Last updated:

2016-08-06 17:14:54