A corporation has a continuous compounded bank account with 2.7% annual interest. The board of directors has placed $87735 in the account, making the formula for the amount in the account after t years F(t) = 87735e.027t. At what rate is the account growing after 7 years? Round your answer to two decimal places.

A corporation has a continuous compounded bank account with 2.7% annual interest. The board of directors has placed $87735 in the account, making the formula for the amount in the account after t years F(t) = 87735e.027t. At what rate is the account growing after 7 years? Round your answer to two decimal places.

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Description: Can you help me solve this problem? A corporation has a continuous compounded bank account with 2.7% annual interest. The board of directors has placed $87735 in theaccount, making the formula for the amount in the account after t years F(t) = 87735e

College Algebra

1st Edition

ISBN:9781938168383

Author:Jay Abramson

Publisher:Jay Abramson

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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