Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
If r per annum is the rate at which the principal A is compounded annually, then at the end of k years, the money due is
Q = A (1 + r)k
Suppose compounding is done continuously. i.e. at every instant the principal A is compounded at R per annum. Then,
Q = A eRk
The relationship between R and r is given by the following reasoning:
A (1 + r)k = A eRk
Example
If R = 5.25%, then ln(1 + r) = 5.25% or r = 5.39%
Suppose Rs.100 is being compounded annually at the rate of 10% per annum. What is the future value of Rs.100 at the end of the third year? What is the effective continuously compounded rate of interest? What is the future value of Rs.100 at the end of the third year, using this interest rate?
FV(Rs.100) = 100 x (1.10)3 = 133.1
If r = 0.1, then the continuously compounded rate of interest R is given by
R = ln(1 + 0.1) = 0.0953
FV(Rs.100) = 100 e0.0953 x 3 = 100 x 1.331 = 133.1
Eduardo is merging two 6-inch pieces of wood with a piece in which measures 4 inches. How many total inches of wood does he have? This problem translates to the expression 6 ×
limits
how to find periods in trigon ometry
What are Factor Trees explain? In algebra, we often need to factor a number into its prime factors. One way to do this is to use a factor tree. This is a network of numbers, st
The following table given the these scores and sales be nine salesman during last one year in a certain firm: text scores sales (in 000''rupees) 14 31 19
Lucy's Lunch is sending out flyers and pays a bulk rate of 14.9 cents per piece of mail. If she mails 1,500 flyers, what will she pay? Multiply the price per piece through the
how to simplify fractions
if 4,a and 16 are in the geometric sequence. Find the value
0+50x1-60-60x0+10=
Above we have seen that (2x 2 - x + 3) and (3x 3 + x 2 - 2x - 5) are the factors of 6x 5 - x 4 + 4x 3 - 5x 2 - x - 15. In this case we are able to find one facto
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +91-977-207-8620
Phone: +91-977-207-8620
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd