justdontgetit
New member
- Joined
- Sep 23, 2005
- Messages
- 2
After investing $1000 at an annual interest rate of 7% compounded continuously for t years, your balance is $B, where B = f(t). What are the units of dB / dt? What is the functional interpretation of dB/dt?
Suppose C(r) is the total cost of paying off a car loan borrowed at an annual interest rate of r%. What are the units of C'(r)? What is the practical meaning of C'(r)?
Suppose C(r) is the total cost of paying off a car loan borrowed at an annual interest rate of r%. What are the units of C'(r)? What is the practical meaning of C'(r)?