1.   The value of a $1500 investment that earns 7.9% interest compounded continuously for t years can be modeled by            ?(?)=1500?^ 0.079t dollars. a. Find ?′(?). b. How quickly is the continuous compounding investment growing after 20 years? Include units.

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter6: Exponential And Logarithmic Functions
Section: Chapter Questions
Problem 8RE: Suppose an investment account is opened with aninitial deposit of 10,500 earning 6.25...
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1.   The value of a $1500 investment that earns 7.9% interest compounded continuously for t years can be modeled by

           ?(?)=1500?^ 0.079t dollars.

a. Find ?′(?).

b. How quickly is the continuous compounding investment growing after 20 years? Include units.

 

2. Use the Chain Rule to find ?′(?)

where ?(?)= 13.7 + 41.6ln ( 3.1?^2 +4.7)

 

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