Suppose that P dollars in principal is invested for t years at the given interest rates with continuous comp amount that the investment is worth at the end of the given time period. P $14 13 yr (a) 1% interest (b) interest (c) 5.5% interest € /0:ued Part 1 of 3 (a) At 1% interest rate, the investment will be worth S at the end of 13 yr.

Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter5: Inverse, Exponential, And Logarithmic Functions
Section5.3: The Natural Exponential Function
Problem 40E
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Suppose that P dollars in principal is invested for t years at the given interest rates with continuous compounding
amount that the investment is worth at the end of the given time period.
P-$14,000, 13 yr
(a) 1% interest
(b) 2% interest
(c) 5.5% interest
Part: 0/ 3
Part 1 of 3
(a) At 1% interest rate, the investment will be worth $
at the end of 13 yr.
Next Part
Transcribed Image Text:Suppose that P dollars in principal is invested for t years at the given interest rates with continuous compounding amount that the investment is worth at the end of the given time period. P-$14,000, 13 yr (a) 1% interest (b) 2% interest (c) 5.5% interest Part: 0/ 3 Part 1 of 3 (a) At 1% interest rate, the investment will be worth $ at the end of 13 yr. Next Part
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