Continuous Compound Interest IIAn investment of $10,000 earns interest at an annual rate of 6.7%compounded continuously.Use this information to answer questions 4-5 below. Use the Continuous Compound Interest II information above to answer thisquestion.Find the instantaneous rate of change in the amount in the account after 4years (in dollars per year). Round to the nearest cent.$per year.

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Answered: Use the Continuous Compound Interest II…

College Algebra (MindTap Course List)

12th Edition

ISBN:9781305652231

Author:R. David Gustafson, Jeff Hughes

Publisher:R. David Gustafson, Jeff Hughes

Chapter5: Exponential And Logarithmic Functions

Section5.1: Exponential Functions And Their Graphs

Problem 90E

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Use the Continuous Compound Interest II information above to answer this question. Find the instantaneous rate of change in the amount in the account after 4 years (in dollars per year). Round to the nearest cent.