According to weber, which religion was a necessary condition for the development of capitalism? hinduism. judaism. janeism. protestant christianity.

Max Weber was a German sociologist, philosopher, jurist, and political economist who focused on  the moral dilemmas behind politics and religion and the understanding the processes of rationalisation, secularisation, and "disenchantment".

According to Weber, the Protestant Christianity was the religion that was a necessary condition for the development of capitalism.

Principal amount = P = $1500
Time in years = t =10
For annual compounding, interest rate = r = 3% = 0.03
Amount accumulated = A 

Formula for Annual(Yearly) compounding is:



Using the values, we get:



Interest rate for continuous compounding = r = 2% = 0.02

Formula for continuous compounding is:



Using the values, we get:



This means amount accumulated by yearly compounding after 10 years will be $ 2015.87 and amount accumulated by continuous compounding will be $ 1832.40. Therefore the amount with yearly compounding will have more amount by the end of 10th year. The difference in the two amounts will be $183.47. So the yearly compounding will have saved $183.47 more than continuous compounding.