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
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Answer:
Width = x² + 5x - 4
Step-by-step explanation:
By the definition of an area model,
Area = Width × greatest common factor
Since, Area = 4x² + 20x - 16
And greatest common factor = 4
4x² + 20x - 16 = 4(Width)
By dividing both the sides of the equation by 4,
x² + 5x - 4 = Width
Therefore, width = (x² + 5x - 4) will be he answer.
Answer:
Answer is B. X=6, Positive and negitive terms cancel out
Step-by-step explanation: