$110 is invested in an account earning 9.6% interest (APR), compounded continuously. Write a function showing the value of the account after t years, where the annual growth rate can be found from a constant in the function. Round all coefficients in the function to four decimal places. Also, determine the percentage of growth per year (APY), to the nearest hundredth of a percent. Function: f(t) : v Growth % increase per year Submit Answer attempt 1 out of 2 Decay

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter9: Quadratic Functions And Equations
Section9.9: Combining Functions
Problem 2BGP
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$110 is invested in an account earning 9.6% interest (APR), compounded
continuously. Write a function showing the value of the account after t years,
where the annual growth rate can be found from a constant in the function.
Round all coefficients in the function to four decimal places. Also, determine
the percentage of growth per year (APY), to the nearest hundredth of a
percent.
Function: ƒ(t)
v Growth
% increase per year
Submit Answer
attempt 1 out of 2
Decay
Transcribed Image Text:$110 is invested in an account earning 9.6% interest (APR), compounded continuously. Write a function showing the value of the account after t years, where the annual growth rate can be found from a constant in the function. Round all coefficients in the function to four decimal places. Also, determine the percentage of growth per year (APY), to the nearest hundredth of a percent. Function: ƒ(t) v Growth % increase per year Submit Answer attempt 1 out of 2 Decay
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