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26 August, 20:12

What annual percent growth rate is equivalent to a continuous percent growth rate of 15 %?

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  1. 26 August, 21:28
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    Expressing rates as fractions rather than percentages. let: r be the annual rate, s be the continuous rate. e^s = 1 + r s = ln (1 + r). Putting r = 15% = 0.15: s = ln (1.15) = 14.295 = 9.53%.
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