school
Acemy

Nonlinear Functions

SAT Math· difficulty 4/5

Which formula represents continuous compound interest on PP at rate rr for tt years?

  • A

    P(1+rt)P(1+rt)

  • B

    P(1+r)tP(1+r)^t

  • C

    P(1+r/12)12tP(1+r/12)^{12t}

  • D

    PertPe^{rt}

    check_circle

Explanation

Continuous compounding uses A=PertA = Pe^{rt}.

Want 10 more like this — adaptive to your weak spots?

Practice 10 like thisarrow_forwardPredict my AP score

Related questions

auto_awesomeAll Toolsquestion_answerHomework Q&Amenu_bookAP & SAT PreptimelineLearn Mode