Question
Asked Oct 29, 2019
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If $2000 is invested at 10% compounded continuously, the future value S at any time t (in years) is given by 
S = 2000e0.1t.
 (Round your answers to two decimal places.)
(a)
What is the amount after 1 year?
(b)
How long before the investment doubles?
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Expert Answer

Step 1

Refer to the question, we need to calculate the future value S at any time t (in years) from the provided formula S = 2000e0.1t

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S 2000.

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Step 2

(a)..Now to find an amount after 1 year . Then substitut...

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S 2000e. ,0.1 0.1(1) S-2000e10 S 2000e S 2210.34

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Math

Algebra