2. In the formula A(1) = Pe" for continuously compound inter- est, the letters P, r, and t stand for and respectively, and A(t) stands for $100 is invested at an interest rate of 6% compounded continu- -. So if ously, then the amount after 2 years is.
2. In the formula A(1) = Pe" for continuously compound inter- est, the letters P, r, and t stand for and respectively, and A(t) stands for $100 is invested at an interest rate of 6% compounded continu- -. So if ously, then the amount after 2 years is.
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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