If $P Is Invested in a Bank Account Earning R $B = f ( P , r , t ) = P e ^ { r t / 100 }$

question 113

Essay

If $P is invested in a bank account earning r% interest a year, compounded continuously, the balance, $B, at the end of t years is given by $B = f ( P , r , t ) = P e ^ { r t / 100 }$ (a)What are the units of $\partial B / \partial t$ ?
(b)What is the practical interpretation (in terms of money)of $\partial B / \partial t$ ?

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Definitions:

National Norms

Standard benchmarks derived from a wide population sample, used to compare individual or group test scores.

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The middle value in a list of numbers, which separates the higher half from the lower half.

National Counseling Exam

A standardized examination for counselors in the United States, designed to assess knowledge, skills, and abilities deemed important for effective professional practice.

National Norms

Statistical standards based on the performance of a national sample that provide benchmarks for comparing individual or group scores.