The Math Forum

Search All of the Math Forum:

Views expressed in these public forums are not endorsed by NCTM or The Math Forum.

Math Forum » Discussions » Education » math-teach

Notice: We are no longer accepting new posts, but the forums will continue to be readable.

Topic: Simple interest
Replies: 3   Last Post: Jul 2, 2013 9:37 AM

Advanced Search

Back to Topic List Back to Topic List Jump to Tree View Jump to Tree View   Messages: [ Previous | Next ]
Joe Niederberger

Posts: 4,657
Registered: 10/12/08
Re: Simple interest
Posted: Jul 2, 2013 9:37 AM
  Click to see the message monospaced in plain text Plain Text   Click to reply to this topic Reply

R Hansen says:
>Joe, I just realized that compound interest is an intuitive proof that e^pi is greater than pi^e. :)

Only for you, I take it.

But, I see your notion of exponentiation is actually "repeated multiplication". Bad boy! What about continuous compounding?

That leads me to the thought of why the world of banking is still using all these finite decimal approximations (and who gets the rounding errors?). Shouldn't money be stored as analytic formulas instead?

Joe N

------- End of Forwarded Message

Point your RSS reader here for a feed of the latest messages in this topic.

[Privacy Policy] [Terms of Use]

© The Math Forum at NCTM 1994-2018. All Rights Reserved.