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:
Tenacious tennis: y=5x+120
Totally Tennis: 8x
Toys r us: y=20x
Lego club: y=17x+36
Step-by-step explanation:
y=cost x= tennis court usage charge
Tenacious tennis: y=5x+120
Totally Tennis: 8x
8.)
y=cost x=lego set
Toys r us: y=20x
Lego club: y=17x+36
2(x-1)=42
2x-2=42
2x=44
X=22
Answer:
neither terminating nor repeating.
Step-by-step explanation:
Answer:
The answer is: The two shops never charge the same price for sundaes with the same number of scoops.
Step-by-step explanation:
