Continuous Compound Interest
Not what you're looking for?
If a bank compounds continuously, then the formula is A=Pe^rt, where E is a constant and e = 2.7183.
A= 2,000 with continues compounding. How do I round it off to the hundredth place?
How long will it take to double my money at 8% interest rate.
Don't just give the answer please show how.
Purchase this Solution
Solution Summary
This solution includes step by step detailed solution is provided to explain the concept of continuous compound interest.
Solution Preview
Please find the solution attached herewith.
Answer:
Let P = X
We have to find that when A = 2X
Given that P ...
Education
- BSc, Meerut University
- MSc, Meerut University
- MPhil, Institute of Advanced Studies
- MSc, AIT
Recent Feedback
- "Perfect, thank you so much!!! I will definitely request you in the future! You are amazing!"
- "Thank you. "
- "Thank you so much I have two more that I need your help with if your available."
- "Thank you, I was wondering why you rejected me the first time."
- "Thanks again."
Purchase this Solution
Free BrainMass Quizzes
Graphs and Functions
This quiz helps you easily identify a function and test your understanding of ranges, domains , function inverses and transformations.
Probability Quiz
Some questions on probability
Know Your Linear Equations
Each question is a choice-summary multiple choice question that will present you with a linear equation and then make 4 statements about that equation. You must determine which of the 4 statements are true (if any) in regards to the equation.
Exponential Expressions
In this quiz, you will have a chance to practice basic terminology of exponential expressions and how to evaluate them.
Solving quadratic inequalities
This quiz test you on how well you are familiar with solving quadratic inequalities.