Examlex
From day 1 to day 4, the TRIN has ________ and is ________.
Compounded Continuously
A method of calculating interest where the interest amount is constantly added to the principal, leading to exponential growth.
Annual Interest Rate
The percentage of a sum of money charged for its use per year.
Compounded Continuously
A way of calculating interest where the frequency of compounding is so high that it is effectively continuous, leading to exponential growth.
Exponential Equation
An equation in which a variable appears in the exponent, showing the rate of growth or decay.
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