Education Continuosly compound interest and a comparison of exponential growth phenomena

1. R e v i e w ! • Interest: I= Prt • Simple interest: A = P + Prt = P(1 + rt) • Compound Interest: A = P(1 + r)t • Other compounding periods: semiannually(2), quarterly(4),…

Documents 11.1: The Constant e and Continuous Compound Interest.

Slide 1 11.1: The Constant e and Continuous Compound Interest Slide 2 Review (Mat 115) Just like π, e is an irrational number which can not be represented exactly by any…