Suppose that $10,000 is invested at rate k, compounded continuously, and grows to $15,851.32 in 7 years.  What is the Intrest Rate, growth function, balance after 10 years, and doubling time.

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter6: Exponential And Logarithmic Functions
Section: Chapter Questions
Problem 8RE: Suppose an investment account is opened with aninitial deposit of 10,500 earning 6.25...
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Suppose that $10,000 is invested at rate k, compounded continuously, and grows to $15,851.32 in 7 years.  What is the Intrest Rate, growth function, balance after 10 years, and doubling time.

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