I think it would be D because it started off low then it started to increase
1.) 14
2.) 10
3.) 7 : 6
5.) 80
6.) 8 : 7
these are all i have the time to answer i'm sorry!
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:
£210
Step-by-step explanation:
I think i just worked it out in my head
