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.
This solution includes step by step detailed solution is provided to explain the concept of continuous compound interest.