4000 is invested at an interest rate of 9.25% per year, compounded continuously, find the value of the investment after the given number of years. (Round your answers to the nearest cent.) (a) 4 years $ (b) 8 years $ (c) 12 years $
4000 is invested at an interest rate of 9.25% per year, compounded continuously, find the value of the investment after the given number of years. (Round your answers to the nearest cent.) (a) 4 years $ (b) 8 years $ (c) 12 years $
Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter5: Inverse, Exponential, And Logarithmic Functions
Section5.2: Exponential Functions
Problem 45E
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Question
If $4000 is invested at an interest rate of 9.25% per year, compounded continuously, find the value of the investment after the given number of years. (Round your answers to the nearest cent.)
(a) 4 years
$
(b) 8 years
$
(c) 12 years
$
$
(b) 8 years
$
(c) 12 years
$
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