Write a sentence or two to explain the difference between interest compounded continuously and interest compounded monthly.

Both type of compounded interest are different, they behave different and they are represents by different functions.

A continuous compounding is modelled by the function

Which represents an exponential growth, which is the important thing about interest compounded continuously, you can see this as a not discrete compounding.

On the other hand, an interest compounded monthly can be seen as a discrete compounding, which has a simple interest rate. This type of compounding interest is modelled by the function

This interest has compound periods in a certain number of years, if it's monthly compound, that means there are 12 compound periods in one year. This characteristic is not presents in the first case.

b. 2 and 4

step-by-step explanation: