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 = 2000e^{0.1t}.

(Round your answers to two decimal places.)(a)

What is the amount after 1 year?

$

(b)

How long before the investment doubles?

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 = 2000e^{0.1t}

Step 2

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

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