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:
its b
Step-by-step explanation:
Answer:
314.2
Step-by-step explanation:
A = π r2
10x10 = 100
100 x 3.1416 (Only a little bit of pi)
314.15927
314.2
Y= (x-2)² + 5. We can write it as : y-5 = (x-2)². The general equation of a quadratic function is :
(y-k) = a(x-h)², where h and k are the vertex of the parabola and a, the coefficient which determines whether the parabola opens upward or downward.
So, y-5 = (x-2)²
Having said that we can say that the VERTEX( 2,5) and since a=1 (a>0) the parabola is open upward OR it passes by a MINIMUM (Then the vertex is minimum)
The domain (x- value) is all Real { x|x = -∞ to x=+∞}
The Range (y-value) is all y ≥ 5
Identity property of addition
