Answer:
The integral diverges
Step-by-step explanation:
Consider the integral from 0 to infinity of
We can do this in parts
When we substitute limits infinity we find that the values become infinity
Hence the integral diverges
The given improper integral diverges
The formula that calculates the compound rate from the given values is
The compound interest formula is:
Where:
We start by adding P to both sides
Divide through by P
Take the nt-th root of both sides
Subtract 1 from both sides
Multiply through by n
In this case, t = 10
So, we have:
Hence, the formula that calculates the compound rate is
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