OpenStax, Algebra and Trigonometry 2e §6.1 Exponential Functions · Exercise 41 · Algebra · Exponentials & logarithms

Exponential Functions · Exercise 41

Use the compound interest formula, $A (t) = P (1 + \frac{r}{n})^{n t} .$

How much more would the account in the previous exercise have been worth if the interest were compounding weekly?

This exercise builds on another exercise in its source book, which isn't shown here.

~8 minWritten answer · compare with the solution

OpenStax, Algebra and Trigonometry 2e · §6.1 Exponential Functions · Exercise 41

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