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formula for exponential growth compounded continuously. Lets solve a few continuously compounded interest problems. However in these models arent the substances such as Carbon-14 assumed to decay continuously.
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The formula Im using is y a 1 r t with a being the initial amount r being the rate in decimal form and t is time relative to the rate. The deposit is for 5 years. Number of time period.
The formula Im using is y a 1 r t with a being the initial amount r being the rate in decimal form and t is time relative to the rate.
Rate of interest is 6. N is the number of times interest is compounded in a year. Where A is the account balance P the principal or starting value e the natural base or 2718 r the annual interest rate as a decimal and t the time in years. This formula is APert.
