If a principal is invested at an annual interest rate
compounded
times a year, then the balance
in the account after
years is given by
.
Here ,
% and
years.
Find the value of for
.
corresponds that the amount is compounded once in an year.
The balance amount in the account is
Find the value of for
.
corresponds that the amount is compounded quarterly.
The balance amount in the account is
.
Find the value of for
.
corresponds that the amount is compounded monthly.
The balance amount in the account is
Find the value of for
that means daily compounded.
corresponds that the amount is compounded daily.
The balance amount in the account is
If a principal is invested at an annual interest rate r compounded continuously, then the balance
in the account after
years is given by
.
Find the value of for continuously compounded interest.
The balance amount in the account is
Complete the table balance amount of for different values of
values:
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Complete the table balance amount of for different values of
values:
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