A Math Problem...Part 2
A spin off of FBS's thread wanted to know who'd be able to solve this...
Let's say you invest $100 in an account that is continiously compounding its interest. The rate of increase is 6%. How much will be in your account after 1 year. Half credit if you get how much will be in your account after a year of just compounding interest (not continuously). :tomato: 
Oh...Round to the nearest Cent mind you (and this is American Dollars...USD)

I can get the compounding interest  ????. Maybe if I knew what continuously compounding was...

Hah edit that answer out...so no one sees it...just PM me with your answer

It's simple maths.

A math problem? What the hell are you trying to do, cause all three of my brain cells to explode simultaneously? :bawling:

Continuously compounding is similar to compounding, but its more like its growing every second or so instead of at one time. Continuously compounding will give you a larger number than just compounding and it varies directly with time (so it'll keep rising).

Am I allowed to answer this? Probably should not. Let's wait and see first, shall we?

Cow, moo.

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Go for it...just don't post your answer :p 
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Why would what currency it is in matter? I am too lazy to do it now, I may consider it tomorrow after I have finished some more important work, though If i remember rightly I will be endevouring to recall some year 9 maths. (Or year 11 maths for those who did the easy stuff) 
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Yes, it is. My problem was about 5 times harder. I would expect any high school student doing even remotely advanced maths to nail this. KS, you got my solution  ain't it neat? 
is it 6% Per Annum or 6% per day?

i have no idea what continuously compounding is, er....106
n.b. my answer makes me a moron. [edit] I got an E in maths by the way.... 
I submitted an answer of sorts...
I have a beautiful maths problem which should be attempted next, I'll post it when this one is solved. 
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We're not going to put solutions here so it doesn't matter if it's solved or not. Post it now. 
Yeah, post it now. Or start a new thread if you wish.

ok here it is
start with the algebraic equation A = B multiply each side by A add (A^2 2AB) devide by (A^2 AB) and you should be left with an interesting answer... where did you go wrong? A^2 denotes A to the power of 2, as always, pm me with your answer 
Done. Easy. More.
Does anyone know the Monty Hall problem? That's a riot, that one. Can post if you'd like. 
ive had a couple of answers...
fay beyond sane is on the ball. beats of carrion: do the last step again (the deviding) then study the answer powersoft: try again, sit down with a pencil and a piece of paper 
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