Formulas for Valentine’s Day test Flashcards
1
Q
What is the formula for continuously compounded interest
A
A=Pe^rt
2
Q
What is the formula for interest compounded by a specific unit of time.
A
A=P(1+r/n)^nt
N represents that time period in years ( 12 months, 365 days etc)
3
Q
Uninhibited growth
A
A=A0e^kt
But k must be positive
4
Q
Uninhibited decay
A
A=A0e^kt
But k must be negative
5
Q
A
