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
a data set has a mean of 3, a median of4, and a mode of 5, which number must be in the data set 3,4,or5
What is Metric System explain in brief? There are two main systems of measurement in use today. Most countries in the world use the Metric System. In only three countries-the
Mike, Dan, Ed, and Sy played together on a baseball team. Mike's batting average was 0.349, Dan's was 0.2, Ed's was 0.35, and Sy's was 0.299. Who had the highest batting average?
use the expansion of (1-x)^7 to find the value of 1.998^7 correct to five significant figures
I need marketing management sample assignment as a guide
Universal set The term refers to the set which contains all the elements such an analyst wishes to study. The notation U or ξ is usually used to denote universal sets.
Example 1 Add 4x 4 + 3x 3 - x 2 + x + 6 and -7x 4 - 3x 3 + 8x 2 + 8x - 4 We write them one below the other as shown below.
in 1970 a record 1.5 of rain fell in one minute at Basse Terre, guadaloupe in the caribbnean.at this rate, how much rain fell in 3 seconds or 0.05 of a minutes?
Determine if the following series converges or diverges by using limit comparison test. Solution To make use of the limit comparison test we require to find out a seco
d^2y/dx^2 if x=ct,y=c/t
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