OpenStax, Algebra and Trigonometry 2e §6.1 Exponential Functions · Exercise 69 · Algebra · Exponentials & logarithms
Exponential Functions · Exercise 69
The formula for the amount in an investment account with a nominal interest rate at any time is given by where is the amount of principal initially deposited into an account that compounds continuously. Prove that the percentage of interest earned to principal at any time can be calculated with the formula
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OpenStax, Algebra and Trigonometry 2e · §6.1 Exponential Functions · Exercise 69
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