Question

Find the effective rate of interest 6% p.a.
compounded continuously.​

Answer 1

Answer:

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Principal amount = P = Rs. 5,000.

Actual rate of interest = i = 6% p.a.

= 0.06 p.a.

= 0.015 per quarter.

I hope this will be correct and it will help you ✨⚡

Answer 2

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Step-by-step explanation:

Principal amount = P = Rs. 5,000.

Actual rate of interest = i = 6% p.a.

= 0.06 p.a.

= 0.015 per quarter.

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