\

The Prinicipal Income is $\"\"$ .

\

Time period is $\"\"$ years .

\

Rate of interest is $\"\"$

\

Find the rate of interest compounded continuously.

\

$\"\"$ .

\

Substitute all the values in the equation.

\

$\"\"$

\

$\"\"$

\

$\"\"$

\

$\"\"$

\

The total amount is $\"\"$ .

\

\

The Prinicipal Income is $\"\"$ .

\

Time period is $\"\"$ years .

\

Rate of interest is $\"\"$

\

Find the rate of interest compounded continuously.

\

$\"\"$ .

\

Substitute all the values in the equation.

\

$\"\"$

\

$\"\"$

\

$\"\"$

\

$\"\"$

\

The total amount is $\"\"$ .

\

Comapre the two amounts $\"\"$ and $\"\"$ .

\

The second bank will gives a better deal since the Jim will have $\"\"$ after one year.

\

\

The second bank will gives a better deal since the Jim will have $\"\"$ after one year.