Answer: 1/3
Step-by-step explanation:
their there choices he can only choice one
Because when multiplying you add the number of variables, and there are 3 X's so it would be 6x with an exponent of 3
You can use the change of base formula to get
and also
In general, the change of base formula is
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
