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:
height equals 5 inches
Step-by-step explanation:
base = 6
area = 15
area = 1/2(6)h
15= 3h
5=h
Answer:
D
Step-by-step explanation:
three meters is 118.11 inches, so if you were to round that you would get 120 inches. That means the answer is D.
Answer:
Hey, how are you
Step-by-step explanation:
Miley is 16 hope that helped
