Question
Suppose that $ 15,013 is invested at an interest rate of 6.1 % peryear, compounded continuously. Find the exponential function that describes the amount in
Suppose that $15,013 is invested at an interest rate of 6.1% peryear, compounded continuously.
Find the exponential function that describes the amount in the account after timet, in years.
What is the balance after 1year? 2years? 5years? 10years?
What is the doublingtime?
(Simplify your answers. Round to one decimal place asneeded.)
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An Introduction to Measure Theoretic Probability
Authors: George G. Roussas
2nd edition
128000422, 978-0128000427
