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Continuous Compound Interest Word Problems
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In this lesson, we will continue to learn about word problems that involve compound interest. Here, we will learn how to solve a word problem that involves the continuous compound interest formula: A = Pe(rt). It calculates the final amount (A) after continuous compounding, based on the principal (P), interest rate (r), and time in years (t). We'll practice solving problems using this formula to enhance our understanding of complex scenarios with infinite compounding periods.
Continuous Compound Interest Word Problems:
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Khan Academy - Video YouTube - Video Text Lessons:
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