Question by  squirrel (10)

What's the equation for compound interest rates in calculus?


Answer by  willard (874)

The equation for compounding interest continuosly is x=x0 e^(rt), where x is the balance at time t, x0 is the initial balance, and r is the interest rate. This equation is the solution of the equation dx/dt = rx, and is obtained by dividing both sides by x and integrating, and then exponentiating the result.


Answer by  Senbagam (138)

It is nothing but the addition of simple interest and the interest's rate. The same way you will find in calculus.

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