If an amount P0 is invested in the Mandelbrot Bond Fund and interest is compounded continuously at 6.9% per year, the balance P grows at the rate given by dPdt=0.069P. a) Find the function that satisfies the equation. Write it in terms of P0 and 0.069. b) Suppose that $1500
If an amount P0 is invested in the Mandelbrot Bond Fund and interest is compounded continuously at 6.9% per year, the balance P grows at the rate given by dPdt=0.069P. a) Find the function that satisfies the equation. Write it in terms of P0 and 0.069. b) Suppose that $1500
Chapter10: Exponential And Logarithmic Functions
Section10.5: Solve Exponential And Logarithmic Equations
Problem 10.87TI: Researchers recorded that a certain bacteria population grew from 100 to 500 in 6 hours. At this...
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Question
If an amount
P0
is invested in the Mandelbrot Bond Fund and interest is compounded continuously at
6.9%
per year, the balance P grows at the rate given by
dPdt=0.069P.
|
a)
|
|
Find the function that satisfies the equation. Write it in terms of
P0
and
0.069.
|
|
b)
|
|
Suppose that
$1500
is invested. What is the balance after
1
year? After
4
years? |
|
c)
|
|
What is the rate of change of the balance after
1
year? After
4
years? |
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