Y=x-3
please can i have a brainliest
Answer:
can i see a pic
Step-by-step explanation:
Continuous compounding is the mathematical limit that compound interest can reach.
It is the limit of the function A(1 + 1/n) ^ n as n approaches infinity. IN theory interest is added to the initial amount A every infinitesimally small instant.
The limit of (1 + 1/n)^n is the number e ( = 2.718281828 to 9 dec places).
Say we invest $1000 at daily compounding at yearly interest of 2 %. After 1 year the $1000 will increase to:-
1000 ( 1 + 0.02/365)^365 = $1020.20
with continuous compounding this will be
1000 * e^1 = $2718.28
Find percent -> 2nd month.
4264*.25==1066 phone calls+=4264
==5330 for 2nd month.
for 2nd -> 3rd
6396==5330*x, solve algebraically to get .20 == 20% increase from 2nd month to 3rd month.
The answer is 343 if you add all together:)))