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hd14yarnell
22.07.2019 •
Mathematics
How do you compound interest continuously? ?
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Ответ:
Principal Amount = P = $500
Interest Rate = r = 6% = 0.06
Time in years = t = 12
Compounding periods in a year = n = 1
Using the values in the given formula we get:
Thus, rounding to nearest cent the answer to this question is 1006.10
However, if you are also interested in finding the compound interest that is compounded continuously, use the following formula:
Ответ:
hoped I helped
Sorry if its wrong