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
.
corresponds that the amount is compounded daily.
The balance amount in the account is
.
If a principal is invested at an annual interest rate
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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