If $6000 is invested for t years at 9% interest compounded continuously, the future value is given by S= 6000 e 0.09t dollars. Complete parts (a) through (c). (a) Graph this function for 0sts 15. Choose the correct graph below. O A. O B. C. OD. AS 34,000- 34,000 AS 34,000- AS 34.000- 0- (b) Use the graph to estimate when the future value will be $8000. Choose the correct answer below. O A. t6.40 years O B. t3.20 years O C. t 4.20 years O D. t2.20 years (c) Complete the following table. t (Year) S ($) 21,152.53 (Round to the nearest whole number as needed.)
If $6000 is invested for t years at 9% interest compounded continuously, the future value is given by S= 6000 e 0.09t dollars. Complete parts (a) through (c). (a) Graph this function for 0sts 15. Choose the correct graph below. O A. O B. C. OD. AS 34,000- 34,000 AS 34,000- AS 34.000- 0- (b) Use the graph to estimate when the future value will be $8000. Choose the correct answer below. O A. t6.40 years O B. t3.20 years O C. t 4.20 years O D. t2.20 years (c) Complete the following table. t (Year) S ($) 21,152.53 (Round to the nearest whole number as needed.)
Algebra and Trigonometry (MindTap Course List)
4th Edition
ISBN:9781305071742
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter4: Exponential And Logarithmic Functions
Section4.CT: Chapter Test
Problem 11CT
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