section 9.7- exponential growth

Question

+1

368

1

suppose that $18,670 is invested at an interest rate of 5.4% per year, commpounded continuously.

A) find the exponential function that describes the amount in the account after time t, in years.

B) what is the balance afer 1 year? two year? 5 year? 10 years?

c) what is double timing

Guest Dec 5, 2020

Guest · Answer 1 · 2020-12-05T03:01:59

amount after 't' years = 18670 e^{.054 t}

for b part sub in 1 5 10 for 't' and calculate

for c part put in 2*18670 for amount after 't' years then calculate 't'