T the time the. The bank gives you a 6 interest rate and compounds the interest each month. The function takes two arguments ie.
To calculate continuous interest use the formula where FV is the future value of the investment PV is the present value e is Eulers number the constant 271828 i is the interest rate and t is the time in years.
Amount 1. STEP 2 Thus let us substitute the values we have into the formula. I Annual Interest Rate in Percentage Terms. To calculate continuous interest use the formula where FV is the future value of the investment PV is the present value e is Eulers number the constant 271828 i is the interest rate and t is the time in years.