The future value that accrues when $900 is invested at 9%, compounded continuously, is S(t) = 900e0.09t where t is the number of years. (Round your answers to the nearest cent.) (a) At what rate is the money in this account growing when t = 4? $ per year (b) At what rate is it growing when t = 10?
Unitary Method
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The future value that accrues when $900 is invested at 9%, compounded continuously, is
where t is the number of years. (Round your answers to the nearest cent.)
$ per year
(b) At what rate is it growing when
$ per year
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