Alissa Fong

MA, Stanford University
Teaching in the San Francisco Bay Area

Alissa is currently a teacher in the San Francisco Bay Area and Brightstorm users love her clear, concise explanations of tough concepts

Thank you for watching the video.

To unlock all 5,300 videos, start your free trial.

Compound Interest (Continuously) - Problem 4

Alissa Fong
Alissa Fong

MA, Stanford University
Teaching in the San Francisco Bay Area

Alissa is currently a teacher in the San Francisco Bay Area and Brightstorm users love her clear, concise explanations of tough concepts

Share

As the number of times the interest rate is compounded approaches infinity, we get a new equation for compounded interest that is explained here. The base approaches the constant "e," which is approximately 2.72.... . In order to solve for different parameters in this equation, remember to write the interest rate as a decimal and be prepared to use natural logs to solve for a variable in the exponent.

Transcript Coming Soon!

© 2016 Brightstorm, Inc. All Rights Reserved. Terms · Privacy