Concept explainers
a)
The last amount after 5 years of an initial amount of $10000, if interest is compounded continuouslyand rate is given as 6%.
Given:
Principal amount P as $10000, rate of interest r as 6% or 0.06 and interest is compounded continuously, time
(b)
The last amount after 10 years of an initial amount of $10000, if interest is compounded continuously and rate is given as 6%.
Given: Principal amount P as $10000, rate of interest r as 6% or 0.06. And interest is compounded continuously and time
(c)
The last amount after 15 years of an initial amount of $10000, if interest is compounded continuouslyand rate is given as 6%.
Given: Principal amount P as $10000, rate of interest r as 6% or 0.06, interest is compounded continuously and time
(d)
To find the last amount after 20 years of an initial amount of $10000, if interest is compounded continuously and rate is given as 6%.
Given: Principal amount P as $10000, rate of interest r as 6% or 0.06. and interest is compounded continuously,and also time t = 20 .
(e)
The last amount after 30 years of an initial amount of $10000, if interest is compounded continuously and rate is given as 6%.
Given:
Principal amount P as $10000, rate of interest r as 6% or 0.06. and interest is compounded continuously, time
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