When I was in school, I had studied about Compound Interest in mathematics. But recently when I came across a question, I found myself in difficulty in solving that. It was about interest compounding continuously. At last I got the formula.
So, to calculate compound interest compounding continuously, this formula is used:
A = Pe^rt, where e is called Euler's number or Napier's constant
e can be found on scientific calculator.
So, to calculate compound interest compounding continuously, this formula is used:
A = Pe^rt, where e is called Euler's number or Napier's constant
e can be found on scientific calculator.
