Mathematics

8 July, 10:24

Suppose that $11,572 is invested at an interest rate of 6.2% 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?

a) The exponential growth function is P (t) =.

(Type exponential notation with positive exponents. Do not simplify. Use integers or decimals for any numbers in the equation.)

+1

Answers (1)

Know the Answer?

Not Sure About the Answer?

Find an answer to your question 👍 “Suppose that $11,572 is invested at an interest rate of 6.2% per year, compounded continuously. a) Find the exponential function that ...” in 📗 Mathematics if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.

Search for Other Answers

You Might be Interested in

Find the state income tax deducted: gross pay of $978, state income tax 5%

Find the solution set of this equation. y^2-11y=0 separate the two values with a comma.

Find the range of the following data set. 14.5.3.12.13 11 001 1

Three numbers between - 0.55 and 0.54

What is the preimter and area of a rectangle that is 30 inchs long and 39 inchs wide

New Questions in Mathematics

Aubrey's dinner cost / $85$85. She tips the waitstaff 30/%30% for excellent service.

Tony had a certain number of stamps that were each worth $0.15. He misplaced 7 stamps. He found that the total value of his stamp collection was now $5.55.

The figure below shows a rope that circles the Earth. The radius of the Earth is 6371 kilometers. Assuming the rope makes a perfect circle, what is the length of this rope? Give your answer in terms of pi.

Thomas ran a mile in 8 minutes at this rate how many minutes did it take them to run 3/4 of a mile

Which expression is equivalent to (6n - 5) - (2n - 3) ? (A) 8n - 8 (B) 8n - 2 (C) 4n - 8 (D) 4n - 2