The equation A(t) = 2000e0.045t gives the balance after t years of an initial investment of 2000 dollars which pays 4.50% compounded continuously. a. Find a formula for dA dt b. Find and interpret A'(5). Include appropriate units. c. Compare the approximation of $113 to the actual change. Report your answer to two decimal places.
The equation A(t) = 2000e0.045t gives the balance after t years of an initial investment of 2000 dollars which pays 4.50% compounded continuously. a. Find a formula for dA dt b. Find and interpret A'(5). Include appropriate units. c. Compare the approximation of $113 to the actual change. Report your answer to two decimal places.
Chapter6: Exponential And Logarithmic Functions
Section6.1: Exponential Functions
Problem 60SE: The formula for the amount A in an investmentaccount with a nominal interest rate r at any timet is...
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