The is the equivalent annual simple interest rate that would yield the same amount as compounding n times per year, or continuously, after 1 year.

Math 151 Chapter 4 9/5 Recall from last time that we were able to come up with a “best” linear fit for bivariate data that seem to be linearly related In many cases, however, if you were to plot data points obtained from biological measurements you would find that the data are not linearly related As an example, consider population growth: Imagine algae growing in a Petri dish, starting from a single cell Through time the cell will split (or else die), then each new cell will split again, etc. The total number of cells does not increase linearly (in an additive manner) through time but multiplicatively (by doubling) If you were to plot the number of cells through time, it would not increase linearly Exponentials are used to describe something that increas