The Amount of Principal, $P, Needed to Obtain a Balance

question 126

Multiple Choice

The amount of principal, $P, needed to obtain a balance of $B after t years at r % interest, compounded continuously, is given by the formula . Which of the following gives the amount principal can be changed by and still maintain the same balance if there is an increase of 1% in the interest rate?

• A)-Br
• C)-Bt

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Definitions:

Evangelical

A term describing conservative Christians who emphasize converting others to their faith.

Supernatural Beings

Entities believed to possess powers or qualities beyond the natural world, often integral to religious or spiritual beliefs.

Sacred

The holy, divine, or supernatural.

Profane

The ordinary, mundane, or everyday.