If $1 is invested over a 10-year period, then the balance A after t years is given

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If $1 is invested over a 10-year period, then the balance A after t years is given by either A = 1 + 0.075 [t] or A = e0.07t depending on whether the interest is simple interest at 71 2% or continuous compound interest at 7%. Graph each function on the same set of axes. Which grows at a greater rate? (Remember that [t] is the greatest integer function discussed in Section 2.4.)
Compound Interest
Compound interest (or compounding interest) is interest calculated on the initial principal, which also includes all of the accumulated interest from previous periods on a deposit or loan. Thought to have originated in 17th century Italy, compound...
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