Mathematics, 29.04.2021 14:00, kyleataylor2005

Suppose that $10,083 is invested at an interest rate of 6.8% per year, compounded continuously. a) Find the exponential function that describes the amount in the account after time t, in years.

b) What is the balance after 1 year? 2 years? 5 years? 10 years?

c) What is the doubling time?

Answers: 2

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Suppose that $10,083 is invested at an interest rate of 6.8% per year, compounded continuously. a) Find the exponential function that describes the amount in the account after time t, in years. b) What is the balance after 1 year? 2 years? 5 years? 10 years? c) What is the doubling time?

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Suppose that $10,083 is invested at an interest rate of 6.8% per year, compounded continuously. a) Find the exponential function that describes the amount in the account after time t, in years.

b) What is the balance after 1 year? 2 years? 5 years? 10 years?

c) What is the doubling time?