Question

Asked Nov 4, 2019

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An investment of $9,000 earns interest at an annual rate of 6.5% compounded continuously. Complete A and B.

(A) find the instantaneous rate of change of the amount in the account after 3 year(s). (Round to two decimal places as needed)

(B) find the instantaneous rate of change of the amount in the account at the time the amount is equal to $13,000. (Round to two decimal places as needed)

Step 1

Use the following formula,

Step 2

To find the instantaneous change,

Step 3

For t=3...

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