   Chapter 2.2, Problem 63E Finite Mathematics and Applied Cal...

7th Edition
Stefan Waner + 1 other
ISBN: 9781337274203

Solutions

Chapter
Section Finite Mathematics and Applied Cal...

7th Edition
Stefan Waner + 1 other
ISBN: 9781337274203
Textbook Problem

In Exercises 63-66, obtain an exponential function in the form f ( t ) = A e r t . [HINT: See Example 5.] f ( t ) is the value after t years of a $5,000 investment earning 10% interest compounded continuously. To determine To calculate: The exponential function in the form of f(t)=Art , if f(t) is the value after t years of a$5000 investment earning 10% interest compounded continuously.

Explanation

Given Information:

f(t)

is the value after t years of a $5000 investment earning 10% interest compounded continuously. Calculation: Consider the expression of continuous growth: f(t)=Aert Here, f(t) is the total amount, A is the principle amount, r is the rate of interest and t is the time. As given, amount is$5000 and rate is 10%

Assume, A=5000 and r=0

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