If B(t) = B0ert then we refer to the r in this equation as the continous rate. (a) If B(t) = B0 (1 + 0.2/4)4t, at what continuous rate does B(t) grow? (b) An investment of $7000 increases in value at a continuous rate of 5.2% per year. What is its value in 7 years? (c) Find the effective annual yield and the continuous growth rate if Q = 5500e0.19t
If B(t) = B0ert then we refer to the r in this equation as the continous rate. (a) If B(t) = B0 (1 + 0.2/4)4t, at what continuous rate does B(t) grow? (b) An investment of $7000 increases in value at a continuous rate of 5.2% per year. What is its value in 7 years? (c) Find the effective annual yield and the continuous growth rate if Q = 5500e0.19t
Trigonometry (MindTap Course List)
10th Edition
ISBN:9781337278461
Author:Ron Larson
Publisher:Ron Larson
Chapter6: Topics In Analytic Geometry
Section: Chapter Questions
Problem 33CT
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If B(t) = B0ert then we refer to the r in this equation as the continous rate.
(a) If B(t) = B0 (1 + 0.2/4)4t, at what continuous rate does B(t) grow?
(b) An investment of $7000 increases in value at a continuous rate of 5.2% per year. What is its value in 7 years?
(c) Find the effective annual yield and the continuous growth rate if Q = 5500e0.19t
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