Mathematics Homework Solutions
Problem
#28785

Continuously Compounding Interest

I am in Pre-Calc and we are covering the number e and the function e^x.  I do not understand how to compound continuously.  Please explain how to do this.  Here is my problem: Suppose you invest $1.00 at 6% annual interest. Calculate the amount that you would have after one year if the interest is compounded continuously.


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Continuously Compounding Interest is investigated. The solution is well explained.

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