A biotechnology investment, originally worth $30,000, grows continuously at the rate of 1,000e0.10t dollars per year, wheret is the number of years since the investment was made. (a) Find a formula for the value of the investment after t years. Vt) = (b) Use your formula to find the value of the investment after 7 years. (Round your answer to two decimal places.)
A biotechnology investment, originally worth $30,000, grows continuously at the rate of 1,000e0.10t dollars per year, wheret is the number of years since the investment was made. (a) Find a formula for the value of the investment after t years. Vt) = (b) Use your formula to find the value of the investment after 7 years. (Round your answer to two decimal places.)
Linear Algebra: A Modern Introduction
4th Edition
ISBN:9781285463247
Author:David Poole
Publisher:David Poole
Chapter6: Vector Spaces
Section6.7: Applications
Problem 14EQ
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