Mathematics, 01.12.2019 02:31 shanice13
Suppose that $11,572 is invested at an interest rate of 6.2% 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?
a) the exponential growth function is p(t)= .
(type exponential notation with positive exponents. do not simplify. use integers or decimals for any numbers in the equation.)
Answers: 1
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Suppose that $11,572 is invested at an interest rate of 6.2% per year, compounded continuously.
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