summer20248 summer20248

17-11-2022
Mathematics

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Suppose that $11,006 is invested at an interest rate of 5.7% 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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