9) An investment of $20,000 earns interest at an annual rate of 3.6% compounded continuously. a) Find the instantaneous rate of change of the amount in the account after 3 years. b) Find the instantaneous rate of change of the amount in the account when the amount is equal to $25,000.

Algebra and Trigonometry (MindTap Course List)
4th Edition
ISBN:9781305071742
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter4: Exponential And Logarithmic Functions
Section4.CT: Chapter Test
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9) An investment of $20,000 earns interest at an annual rate of 3.6% compounded continuously.
a) Find the instantaneous rate of change of the amount in the account after 3 years.
b) Find the instantaneous rate of change of the amount in the account when the amount is equal to $25,000.
Transcribed Image Text:9) An investment of $20,000 earns interest at an annual rate of 3.6% compounded continuously. a) Find the instantaneous rate of change of the amount in the account after 3 years. b) Find the instantaneous rate of change of the amount in the account when the amount is equal to $25,000.
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