Suppose that interest on money in the bank accumulates at an annual rate of 6% per year compounded continuously. If you deposit $3000 in the account today, how much will it be worth 20 years from now? (Hint: First find the equation that represents the balance B = B(t) in the account at time tyears.) OA. $6775.68 OB. $903.58 C. $10066.36 OD. $10030.45 OE. $9960.35
Suppose that interest on money in the bank accumulates at an annual rate of 6% per year compounded continuously. If you deposit $3000 in the account today, how much will it be worth 20 years from now? (Hint: First find the equation that represents the balance B = B(t) in the account at time tyears.) OA. $6775.68 OB. $903.58 C. $10066.36 OD. $10030.45 OE. $9960.35
Chapter6: Exponential And Logarithmic Functions
Section: Chapter Questions
Problem 4PT: An investment account was opened with aninitial deposit of 9,600 and earns 7.4 interest,compounded...
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