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
Atleast 302.5 can fit on the shelves
Answer:
uhhhhh -4x+7y=-4
Step-by-step explanation:
The answer is: "4" .
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<u>Note</u>: The question asks for a whole number.
"The area of the triangle above will equal one half of a rectangle that is 5 units long and <u> 4 </u><u /> units wide. (Input only whole numbers, such as 8.).
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<u>Note</u>: The diagram shows a "right triangle" ; which would be "one-half" of a rectangle, with units of "length" being "5 units" (as mentioned in this very question prompt; and a width of "4" units (as shown in the diagram; hence the answer is "4" units).
Furthermore, the formula/equation for the area, "A" , of a triangle is:
A = (1/2) * b * h ;
that is:
Area = (1/2) * (base length) * (perpendicular height).
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As such, the answer, "4" (units) makes sense.
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Answer:
.
Step-by-step explanation:
