How do you compound interest continuously??
1 answer:
The question states the interest is compounded annually. We have to use the given formula for this.
Principal Amount = P = $500
Interest Rate = r = 6% = 0.06
Time in years = t = 12
Compounding periods in a year = n = 1
Using the values in the given formula we get:
Thus, rounding to nearest cent the answer to this question is 1006.10
However, if you are also interested in finding the compound interest that is compounded continuously, use the following formula:
Principal Amount = P = $500
Interest Rate = r = 6% = 0.06
Time in years = t = 12
Compounding periods in a year = n = 1
Using the values in the given formula we get:
Thus, rounding to nearest cent the answer to this question is 1006.10
However, if you are also interested in finding the compound interest that is compounded continuously, use the following formula:
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Answer:
35 m/s
Step-by-step explanation:
Let gravitational acceleration g = 9.8m/s2. We can calculate the amount of time for the ball to fall vertically a distance of 1.6 m
This is also the time it takes for the ball to fly horizontally, assume constant horizontal speed, we can calculate the speed it takes to travel across 20m in 0.571s
v = 20 / 0.571 = 35 m/s