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
Answer:
9. A. One - to - One Correspondence
10. D. None of the above
-2 ,-1,0,1 are the domains
Answer:
c
Step-by-step explanation:
no need to explain
hope it helps
Answer:
x= −7/5
Step-by-step explanation:
Step 1: Distribute and combine like terms
3(x−6)−8x=−2+5(2x+1)
(3)(x)+(3)(−6)+−8x=−2+(5)(2x)+(5)(1)(Distribute)
3x+−18+−8x=−2+10x+5
(3x+−8x)+(−18)=(10x)+(−2+5)(Combine Like Terms)
−5x+−18=10x+3
−5x−18=10x+3
Step 2: Subtract 10x from both sides.
−5x−18−10x=10x+3−10x
−15x−18=3
Step 3: Add 18 to both sides.
−15x−18+18=3+18
−15x=21
Step 4: Divide both sides by -15.
Hope this helps! :)
