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
.
If a principal is invested at an annual interest rate
compounded continuously, then the balance
in the account after
years is given by
.
Here ,
% and
years.
Find the value of for
that means annually compounded.
\
Find the value of for
that means quarterly compounded.
\
Find the value of for
that means monthly compounded.
\
Find the value of for
that means daily compounded.
\
Find the value of for Continuously compounded interest.
The completed table is :
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The completed table is :
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