(Continuously compounded interest) Suppose that you discover in your attic an overdue library book on which your grandfather owed a fine of 30 cents 100 years ago. If an overdue fine grows exponentially at a 5% annual rate compounded continuously, how much would you have to pay if you returned the book today?
We need at least 10 more requests to produce the solution.
0 / 10 have requested this problem solution
The more requests, the faster the answer.