Question

A bank pays interest by treating the interest rate as the instantaneous rate of change of the principal. Suppose in an account, interest accrues at 8% per annum, compounded continuously. Calculate the percentage increase in such an account over one year.

[ Take e^(0.08) = 1.0833 ]​

Answer 1

$\textbf{Answer is in Attachment !}$

Answer 2

Answer:

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