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find the effective rate of interest. For 5% compounded continuously

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find the effective rate of interest.

For 5% compounded continuously

financial-models
compound-interest

asked Jan 23, 2015 in PRECALCULUS by anonymous

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1 Answer

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Step 1 :

Effective rate of interest :

The effective rate of interest of an investment earning an annual interest rate r when compounded continuously is .

Step 2 :

The rate of interest is .

Substitute in above equation.

The effective rate of interest is

Solution :

The effective rate of interest is

answered Jan 23, 2015 by Thomas Apprentice

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