Simple and Compound Interest Worksheet
As compounding increases to continuous compounding our formula converges to: Example: A principal of €10000 is invested at one of the following banks: a) at 4.75% interest, compounded annually. b) at 4.7% interest, compounded semi-annually. c) at 4.65% interest, compounded quarterly. d) at 4.6% interest, compounded continuously ................
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