If interest is compounded annually, what is the amount of money at t= 9 years? Suppose that $10000 is invested at 5% interest per year. Find the amount of money in the account after 9 years if the interest is compounded annually. Find the sl amount of money in the account after 9 years if the interest is compounded continuously. (Simplify your answer. Type an integer or a decimal. Round to the nearest cent if needed.)

Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter5: Inverse, Exponential, And Logarithmic Functions
Section5.2: Exponential Functions
Problem 49E
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If interest is compounded annually, what is the amount of money at t=9 years?
Suppose that $10000 is invested at 5% interest per year. Find the amount of
money in the account after 9 years if the interest is compounded annually. Find the
amount of money in the account after 9 years if the interest is compounded
continuously.
(Simplify your answer. Type an integer or a decimal. Round to the nearest cent if
needed.)
5)
6)
Transcribed Image Text:If interest is compounded annually, what is the amount of money at t=9 years? Suppose that $10000 is invested at 5% interest per year. Find the amount of money in the account after 9 years if the interest is compounded annually. Find the amount of money in the account after 9 years if the interest is compounded continuously. (Simplify your answer. Type an integer or a decimal. Round to the nearest cent if needed.) 5) 6)
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