2. $2100 is invested at a rate of 7% compounded monthly. What is theamount after 10 years?Ans.3. How much money should be invested at a rate of 6% compoundedcontinuously to produce an amount of $20,000 in 15 years?Ans.4. A certain population increases according to the model P(t) = 250e47twith t = 0 corresponding to 1995. Use the model to determine thepopulation in the year 2003. Round your answer to the nearest integer.Ans.

“Since you have asked multiple question, we will solve the first question for you. If you want any…

Answered: 2. $2100 is invested at a rate of 7%…

Math

Algebra

2. $2100 is invested at a rate of 7% compounded monthly. What is the amount after 10 years?

College Algebra

7th Edition

ISBN:9781305115545

Author:James Stewart, Lothar Redlin, Saleem Watson

Publisher:James Stewart, Lothar Redlin, Saleem Watson

Chapter4: Exponential And Logarithmic Functions

Section: Chapter Questions

Problem 12CC: Suppose that the initial size of a population is n0 and the population grows exponentially. Let n(t)...

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Question

2. $2100 is invested at a rate of 7% compounded monthly. What is the
amount after 10 years?
Ans.
3. How much money should be invested at a rate of 6% compounded
continuously to produce an amount of $20,000 in 15 years?
Ans.
4. A certain population increases according to the model P(t) = 250e47t
with t = 0 corresponding to 1995. Use the model to determine the
population in the year 2003. Round your answer to the nearest integer.
Ans.

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