Suppose $1000 is invested at interest rate k, compounded continuously, and grows to $1144.54 in 3 years.
Question:
a) Find the interest rate.
b) Find the exponential growth function.
c) Find the balance after 8 years.
d) Find the doubling time.
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a 114454 1000e 3k 114454 e 3k ln 1144...View the full answer
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Related Book For 
College Algebra Graphs and Models
ISBN: 978-0321845405
5th edition
Authors: Marvin L. Bittinger, Judith A. Beecher, David J. Ellenbogen, Judith A. Penna
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