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Questions and Answers
What is the principal amount in the given scenario?
What is the principal amount in the given scenario?
What is the interest rate in the given scenario?
What is the interest rate in the given scenario?
For how many years is the interest compounded continuously in the given scenario?
For how many years is the interest compounded continuously in the given scenario?
What is the formula used to calculate interest compounded continuously?
What is the formula used to calculate interest compounded continuously?
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If the interest rate were to decrease by 1%, how would the interest earned change?
If the interest rate were to decrease by 1%, how would the interest earned change?
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What would be the interest earned if the interest was compounded annually instead of continuously?
What would be the interest earned if the interest was compounded annually instead of continuously?
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