A sum of $1500 is deposited in an account with an interest rate of r percent per

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A sum of $1500 is deposited in an account with an interest rate of r percent per year, compounded daily. At the end of 5 years, the balance in the account is given by

Find and interpret the rate of change of A with respect to r for the following interest rates.
(a) 6%

(b) 8%

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Calculus With Applications

ISBN: 9780135871348

12th Edition

Authors: Margaret L. Lial

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Question Posted: Jan 03, 2023 04:41 AM

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A sum of $1500 is deposited in an account with an interest rate of r percent per

Question:

A = 1825 1500(1+36,500)

Step by Step Answer:

dAdr is the rate of change of A with respect to r a For r ...View the full answer

Calculus With Applications

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