3. If $1000 is invested at 10% compounded continuously, the future value S at any time t (in years) is given by S = 1000e 0.1t a. What is the amount after 1 year? b. How long before the investment doubles? [3]
3. If $1000 is invested at 10% compounded continuously, the future value S at any time t (in years) is given by S = 1000e 0.1t a. What is the amount after 1 year? b. How long before the investment doubles? [3]
Chapter6: Exponential And Logarithmic Functions
Section6.1: Exponential Functions
Problem 68SE: An investment account with an annual interest rateof 7 was opened with an initial deposit of 4,000...
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