Chapter 6 – Exponential and Logarithmic Functions
Topic 6.4 – Compounding Interest
Compounding Interest covers problems associated with continuously compounded interest. It uses the model [latex]A = Pe^{rt}[/latex]. Compounding interest in discrete time steps, for example, compounding interest annually is not addressed here. This lesson assumes an understanding of logarithms when trying to solve for the rate or time. Information on logarithms can be found in lesson on The Logarithm Function and Properties of Logarithms.
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