Continuous compounding is the mathematical limit that compound interest can reach.
It is the limit of the function A(1 + 1/n) ^ n as n approaches infinity. IN theory interest is added to the initial amount A every infinitesimally small instant.
The limit of (1 + 1/n)^n is the number e ( = 2.718281828 to 9 dec places).
Say we invest $1000 at daily compounding at yearly interest of 2 %. After 1 year the $1000 will increase to:-
1000 ( 1 + 0.02/365)^365 = $1020.20
with continuous compounding this will be
1000 * e^1 = $2718.28
1. 0.7(29.95)
2. 1.04(284.99)
3. 49(0.75)(1.06)
4. 35+ 0.80m
5. 4500 (1.12)
Hope this helps!
Answer:
To add fractions there are Three Simple Steps:
Step 1: Make sure the bottom numbers (the denominators) are the same.
Step 2: Add the top numbers (the numerators), put that answer over the denominator.
Step 3: Simplify the fraction (if needed)
Answer:
It is a rational number
Step-by-step explanation:
A rational number is defined as numbers written in p/q form ,q not equal to 0,p&q are integers
-6 is same as -6/1
since -6,1 are integers it is a rational..
