GCCCD Compounding Equation of Annual Interest Rate on Bank Account Problems

Description

1. When you have a bank account that is being compounded continuously, they use a formula to calculate the amount of interest that goes into the account. That equation is A = Pert. What can we do to figure out how much is being accumulated at a specific amount of time? What makes the derivative of ex different than any other derivative?2. Describe how to differentiate ln (x2-5). What makes the derivative of lnx different than other derivatives?3. Name one use for the deriviative of an ln function.

Tags:
bank account

exponential function

annual interest rate

Initial Amount

principal amount

Compounding equation

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