| ▲ | Animats 7 hours ago | |
Bookkeeping normally computes interest based on some accounting period - days, weeks, months, or quarters. It's a sum of discrete charges, not an integral. It was usually monthly in the paper and pencil era; today it is usually daily. Look up "double declining balance" and "Rule of 73". Financial calculators do integrate, though. "Present value" is computed by integration. | ||