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The formula A = Pe^rt gives the balance A of an account earning what type of interest?
The formula A = Pert gives the balance A of an account earning interest compounded daily.
The formula A = Pert gives the balance A of an account earning interest compounded monthly.
The formula A = Pert gives the balance A of an account earning interest compounded continuously.
The formula A = Pert gives the balance A of an account earning interest compounded quarterly.

Respuesta :

It’s compounded continuously

 From the given options, Option (C) shows the type of compound interest earned.

  Formula for the compound interest earned continuously is given by,

[tex]A=P.e^{rt}[/tex]

Here, [tex]A=[/tex] Final amount

[tex]P=[/tex] Principal amount

[tex]r=[/tex] rate of interest

[tex]t=[/tex] Time

  Therefore, Option (C) will be the correct option.

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