China has 50,000 rivers, each with a catchment area greater than 100 square kilometers. The rivers in China have a total length of 420,000 kilometers. 1,500 of Chinese rivers have a catchment area exceeding 1,000 square kilometers. The majority of rivers flow west to east into the Pacific Ocean.
Continuous Compounding Interest : Continuous compound interest is the procedure of obtaining interest on top of interest in a monthly, quarterly and semiannual basis and the interest is obtained continuously.
Calculate the annual rate of interest compounded daily.7. $5,000 is invested for 9 years at 8Â½% per annum compounded daily. If an investment of $4,000 yields the same accumulated value in 8 years, calculate the annual interest rate compounded annually.