a)  Suppose $270,000 is invested in an account for 13 years. Find the balance in the account if interest is compounded continuously at 1.25%. $Answer (to the nearest dollar)   (b)  A radioactive substance has a decay rate of 2.7% per year. What is its half life?  Answer years (use two decimals

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
Section4.2: The Natural Exponential Function
Problem 36E
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(a)  Suppose $270,000 is invested in an account for 13 years. Find the balance in the account if interest is compounded continuously at 1.25%.

$Answer (to the nearest dollar)

 

(b)  A radioactive substance has a decay rate of 2.7% per year. What is its half life? 

Answer years (use two decimals)

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