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Opens on Chapter 22’s example: $1,000 at 5% for one year; $5,000 at 4% for 18 years; a sourdough starter that doubles every 4 hours.
How it works
Compounding n times a year multiplies by (1 + r/n) n times a year. As n grows, (1 + r/n)ⁿ settles on e^r, so continuous growth gives P × e^(rt). Because eˣ is its own slope, continuous growth at rate r grows at r × the amount at every moment. The doubling time solves e^(rt) = 2, so t = ln 2 ÷ r ≈ 0.693 ÷ r: the rule of 70 (70 ÷ the percent) is that with a round number. Something that doubles every D hours grows by 2^(t/D), which is the same curve as e^(kt) with k = ln 2 ÷ D.
Numbers can be typed as 1,450, $38, 0.40, 12%, 1/6 or 2 3/8. Functions can be typed as 16t², 6 + 48t − 16t^2, 1000e^(0.05t) or √x; answers are rounded half up, the way the book rounds. Everything stays in your browser: no sign-up, nothing stored or sent.