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
X^2-6x+7=0
-b +/- sqrt b^2-4ac all over 2a
a=1 b= -6 and c=7
6+/- sqrt 36-4×1×7 all over 2×1
6+/- sqrt 8 all over 2
6+/- 2sqrt2 all over 2
reduce
3+/- sqrrt2
If 5y-10=0 it would equal 2. Add ten to both sides and then divide 5 to both sides which leaves you with y=2
Answer:
3/6
Step-by-step explanation:
no idea if its right
Answer:
Uh 90 i hope your kidding
Step-by-step explanation:
