Question
a. If $15,000 is invested at an interest rate of 2% per year, compounded semiannually, find the value of the investment after 6 years. b.
a. If $15,000 is invested at an interest rate of 2% per year, compounded semiannually, find the value of the investment after 6 years.
b. If $1000 is invested at an interest rate of 3.5% per year, compounded continuously, find the value of the investment after 3 years.
c.When a certain medical drug is administered to a patient, the number of milligrams remaining in the patient's bloodstream after t hours is modeled by
D(t) = 40e0.1t.
How many milligrams of the drug remain in the patient's bloodstream after 4 hours? (Round your answer to one decimal place.)
*please show all equations and steps, I need help understanding
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