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:
Rational numbers are; A, E, F, I
Integers are; H and D
Whole numbers are J and B
Natural numbers is G
Please find attached the location of the letters on the real number system
Step-by-step explanation:
Rational numbers are numbers that can be expressed as the ratio, a/b, of two numbers as a/b where a and b are integers
Integers are the negative and positive whole numbers
Whole numbers are the positive counting numbers from 0 and above
Natural numbers are the positive counting numbers, sometimes including 0.
Based on the characteristics of <em>linear</em> and <em>piecewise</em> functions, the <em>piecewise</em> function is shown in the graph attached herein. (Correct choice: A)
<h3>How to determine a piecewise function</h3>
In this question we have a graph formed by two different <em>linear</em> functions. <em>Linear</em> functions are polynomials with grade 1 and which are described by the following formula:
y = m · x + b (1)
Where:
- x - Independent variable.
- y - Dependent variable.
- m - Slope
- b - Intercept
By direct observation and by applying (1) we have the following <em>piecewise</em> function:
Based on the characteristics of <em>linear</em> and <em>piecewise</em> functions, the <em>piecewise</em> function is shown in the graph attached herein. (Correct choice: A)
To learn more on piecewise functions: brainly.com/question/12561612
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