How to solve a problem when it is compounded continuously

How to solve a problem when it is compounded continuously

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Interactive Video

Mathematics, Business

11th Grade - University

Hard

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The video tutorial explains continuous compounding interest, starting with an investment of $2,000 at a 10% annual interest rate. It introduces the constant 'e' and its significance in continuous compounding, differentiating it from regular compounding. The tutorial provides a step-by-step guide on using the continuous interest formula and demonstrates how to perform calculations using a calculator, emphasizing the importance of correctly applying 'e' in the formula.

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OPEN ENDED QUESTION

3 mins • 1 pt

What new insight or understanding did you gain from this video?

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