(a) If $1000 is borrowed at 8% interest, find the amountsdue at the end of 3 years if the interest is compounded(i) annually, (ii) quarterly, (iii) monthly, (iv) weekly,(v) daily, (vi) hourly, and (vii) continuously. (b) Suppose $1000 is borrowed and the interest is com -pounded continuously. If A(t) is the amount due after tyears, where 0 ≤t ≤3 , graph A(t) for each of theinterest rates 6%, 8%, and 10% on a common screen.
(a) If $1000 is borrowed at 8% interest, find the amountsdue at the end of 3 years if the interest is compounded(i) annually, (ii) quarterly, (iii) monthly, (iv) weekly,(v) daily, (vi) hourly, and (vii) continuously. (b) Suppose $1000 is borrowed and the interest is com -pounded continuously. If A(t) is the amount due after tyears, where 0 ≤t ≤3 , graph A(t) for each of theinterest rates 6%, 8%, and 10% on a common screen.
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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(a) If $1000 is borrowed at 8% interest, find the amounts
due at the end of 3 years if the interest is compounded
(i) annually, (ii) quarterly, (iii) monthly, (iv) weekly,
(v) daily, (vi) hourly, and (vii) continuously.
(b) Suppose $1000 is borrowed and the interest is com -
pounded continuously. If A(t) is the amount due after t
years, where 0 ≤t ≤3 , graph A(t) for each of the
interest rates 6%, 8%, and 10% on a common screen.
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