Write down a limit that expresses the amount of money you would get from a bank that

Question:

Write down a limit that expresses the amount of money you would get from a bank that compounded continuously, and try to guess the answer.
The procedure banks use to compute continuously compounded interest is similar to the process we used to derive a differential equation. Suppose several banks claim to be giving 5% annual interest and that you have $1000 to deposit.
Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Question Posted: