BuyFindarrow_forward

Calculus: An Applied Approach (Min...

10th Edition
Ron Larson
ISBN: 9781305860919

Solutions

Chapter
Section
BuyFindarrow_forward

Calculus: An Applied Approach (Min...

10th Edition
Ron Larson
ISBN: 9781305860919
Textbook Problem
1 views

Modeling Compound Interest In Exercises 25-32, complete the table for an account in which interest is compounded continuously.

See Example 3.

Amount after 10 years Amount after 25 years
Initial Annual Time to double
investment rate
28. $10,000 10 years

To determine

To calculate: The accumulated amount of an investment of $10,000 after 10 years and 25 years if it takes 10 years for the investment to double and calculate the annual rate of interest.

Explanation

Given Information:

The provided information is it takes 10 years for the investment to double and the initial investment is $10,000.

Formula used:

The accumulated amount for an initial investment P compounded continuously at an annual rate of interest r is given by the exponential growth model, A=Pert.

Calculation:

Consider the provided information that it takes 10 years for the investment to double and the initial investment is $10,000.

Here, P=10,000 and at time t=10, A=2×10,000=20,000.

Substitute t=10, P=10,000 and A=20,000 in the exponential growth model A=Pert,

20,000=10,000er×10e10r=20,00010,000e10r=2

Take natural log on both the sides,

ln(e10r)=ln 210rlne=ln 2r=ln 210

Solve further,

r0.0693

Hence, the annual rate or interest is 6.93%.

Substitute P=10,000 and r=0

Still sussing out bartleby?

Check out a sample textbook solution.

See a sample solution

The Solution to Your Study Problems

Bartleby provides explanations to thousands of textbook problems written by our experts, many with advanced degrees!

Get Started
Sect-4.1 P-6SWUSect-4.1 P-7SWUSect-4.1 P-8SWUSect-4.1 P-9SWUSect-4.1 P-10SWUSect-4.1 P-11SWUSect-4.1 P-12SWUSect-4.1 P-13SWUSect-4.1 P-14SWUSect-4.1 P-15SWUSect-4.1 P-16SWUSect-4.1 P-17SWUSect-4.1 P-18SWUSect-4.1 P-1ESect-4.1 P-2ESect-4.1 P-3ESect-4.1 P-4ESect-4.1 P-5ESect-4.1 P-6ESect-4.1 P-7ESect-4.1 P-8ESect-4.1 P-9ESect-4.1 P-10ESect-4.1 P-11ESect-4.1 P-12ESect-4.1 P-13ESect-4.1 P-14ESect-4.1 P-15ESect-4.1 P-16ESect-4.1 P-17ESect-4.1 P-18ESect-4.1 P-19ESect-4.1 P-20ESect-4.1 P-21ESect-4.1 P-22ESect-4.1 P-23ESect-4.1 P-24ESect-4.1 P-25ESect-4.1 P-26ESect-4.1 P-27ESect-4.2 P-1CPSect-4.2 P-2CPSect-4.2 P-3CPSect-4.2 P-4CPSect-4.2 P-5CPSect-4.2 P-1SWUSect-4.2 P-2SWUSect-4.2 P-3SWUSect-4.2 P-4SWUSect-4.2 P-5SWUSect-4.2 P-6SWUSect-4.2 P-7SWUSect-4.2 P-8SWUSect-4.2 P-9SWUSect-4.2 P-10SWUSect-4.2 P-11SWUSect-4.2 P-12SWUSect-4.2 P-1ESect-4.2 P-2ESect-4.2 P-3ESect-4.2 P-4ESect-4.2 P-5ESect-4.2 P-6ESect-4.2 P-7ESect-4.2 P-8ESect-4.2 P-9ESect-4.2 P-10ESect-4.2 P-11ESect-4.2 P-12ESect-4.2 P-13ESect-4.2 P-14ESect-4.2 P-15ESect-4.2 P-16ESect-4.2 P-17ESect-4.2 P-18ESect-4.2 P-19ESect-4.2 P-20ESect-4.2 P-21ESect-4.2 P-22ESect-4.2 P-23ESect-4.2 P-24ESect-4.2 P-25ESect-4.2 P-26ESect-4.2 P-27ESect-4.2 P-28ESect-4.2 P-29ESect-4.2 P-30ESect-4.2 P-31ESect-4.2 P-32ESect-4.2 P-33ESect-4.2 P-34ESect-4.2 P-35ESect-4.2 P-36ESect-4.2 P-37ESect-4.2 P-38ESect-4.2 P-39ESect-4.2 P-40ESect-4.2 P-41ESect-4.2 P-42ESect-4.2 P-43ESect-4.2 P-44ESect-4.2 P-45ESect-4.2 P-46ESect-4.2 P-47ESect-4.2 P-48ESect-4.2 P-49ESect-4.2 P-50ESect-4.2 P-51ESect-4.3 P-1CPSect-4.3 P-2CPSect-4.3 P-3CPSect-4.3 P-4CPSect-4.3 P-5CPSect-4.3 P-6CPSect-4.3 P-1SWUSect-4.3 P-2SWUSect-4.3 P-3SWUSect-4.3 P-4SWUSect-4.3 P-5SWUSect-4.3 P-6SWUSect-4.3 P-7SWUSect-4.3 P-8SWUSect-4.3 P-9SWUSect-4.3 P-10SWUSect-4.3 P-1ESect-4.3 P-2ESect-4.3 P-3ESect-4.3 P-4ESect-4.3 P-5ESect-4.3 P-6ESect-4.3 P-7ESect-4.3 P-8ESect-4.3 P-9ESect-4.3 P-10ESect-4.3 P-11ESect-4.3 P-12ESect-4.3 P-13ESect-4.3 P-14ESect-4.3 P-15ESect-4.3 P-16ESect-4.3 P-17ESect-4.3 P-18ESect-4.3 P-19ESect-4.3 P-20ESect-4.3 P-21ESect-4.3 P-22ESect-4.3 P-23ESect-4.3 P-24ESect-4.3 P-25ESect-4.3 P-26ESect-4.3 P-27ESect-4.3 P-28ESect-4.3 P-29ESect-4.3 P-30ESect-4.3 P-31ESect-4.3 P-32ESect-4.3 P-33ESect-4.3 P-34ESect-4.3 P-35ESect-4.3 P-36ESect-4.3 P-37ESect-4.3 P-38ESect-4.3 P-39ESect-4.3 P-40ESect-4.3 P-41ESect-4.3 P-42ESect-4.3 P-43ESect-4.3 P-44ESect-4.3 P-45ESect-4.3 P-46ESect-4.3 P-47ESect-4.3 P-48ESect-4.3 P-49ESect-4.3 P-50ESect-4.3 P-51ESect-4.3 P-52ESect-4.3 P-53ESect-4.3 P-1QYSect-4.3 P-2QYSect-4.3 P-3QYSect-4.3 P-4QYSect-4.3 P-5QYSect-4.3 P-6QYSect-4.3 P-7QYSect-4.3 P-8QYSect-4.3 P-9QYSect-4.3 P-10QYSect-4.3 P-11QYSect-4.3 P-12QYSect-4.3 P-13QYSect-4.3 P-14QYSect-4.3 P-15QYSect-4.3 P-16QYSect-4.3 P-17QYSect-4.3 P-18QYSect-4.3 P-19QYSect-4.3 P-20QYSect-4.3 P-21QYSect-4.3 P-22QYSect-4.3 P-23QYSect-4.3 P-24QYSect-4.3 P-25QYSect-4.4 P-1CPSect-4.4 P-2CPSect-4.4 P-3CPSect-4.4 P-4CPSect-4.4 P-5CPSect-4.4 P-6CPSect-4.4 P-7CPSect-4.4 P-1SWUSect-4.4 P-2SWUSect-4.4 P-3SWUSect-4.4 P-4SWUSect-4.4 P-5SWUSect-4.4 P-6SWUSect-4.4 P-7SWUSect-4.4 P-8SWUSect-4.4 P-9SWUSect-4.4 P-10SWUSect-4.4 P-1ESect-4.4 P-2ESect-4.4 P-3ESect-4.4 P-4ESect-4.4 P-5ESect-4.4 P-6ESect-4.4 P-7ESect-4.4 P-8ESect-4.4 P-9ESect-4.4 P-10ESect-4.4 P-11ESect-4.4 P-12ESect-4.4 P-13ESect-4.4 P-14ESect-4.4 P-15ESect-4.4 P-16ESect-4.4 P-17ESect-4.4 P-18ESect-4.4 P-19ESect-4.4 P-20ESect-4.4 P-21ESect-4.4 P-22ESect-4.4 P-23ESect-4.4 P-24ESect-4.4 P-25ESect-4.4 P-26ESect-4.4 P-27ESect-4.4 P-28ESect-4.4 P-29ESect-4.4 P-30ESect-4.4 P-31ESect-4.4 P-32ESect-4.4 P-33ESect-4.4 P-34ESect-4.4 P-35ESect-4.4 P-36ESect-4.4 P-37ESect-4.4 P-38ESect-4.4 P-39ESect-4.4 P-40ESect-4.4 P-41ESect-4.4 P-42ESect-4.4 P-43ESect-4.4 P-44ESect-4.4 P-45ESect-4.4 P-46ESect-4.4 P-47ESect-4.4 P-48ESect-4.4 P-49ESect-4.4 P-50ESect-4.4 P-51ESect-4.4 P-52ESect-4.4 P-53ESect-4.4 P-54ESect-4.4 P-55ESect-4.4 P-56ESect-4.4 P-57ESect-4.4 P-58ESect-4.4 P-59ESect-4.4 P-60ESect-4.4 P-61ESect-4.4 P-62ESect-4.4 P-63ESect-4.4 P-64ESect-4.4 P-65ESect-4.4 P-66ESect-4.4 P-67ESect-4.4 P-68ESect-4.4 P-69ESect-4.4 P-70ESect-4.4 P-71ESect-4.4 P-72ESect-4.4 P-73ESect-4.4 P-74ESect-4.4 P-75ESect-4.4 P-76ESect-4.4 P-77ESect-4.4 P-78ESect-4.4 P-79ESect-4.4 P-80ESect-4.4 P-81ESect-4.4 P-82ESect-4.4 P-83ESect-4.4 P-84ESect-4.4 P-85ESect-4.4 P-86ESect-4.4 P-87ESect-4.4 P-88ESect-4.4 P-89ESect-4.4 P-90ESect-4.4 P-91ESect-4.4 P-92ESect-4.4 P-93ESect-4.4 P-94ESect-4.4 P-95ESect-4.4 P-96ESect-4.4 P-97ESect-4.4 P-98ESect-4.5 P-1CPSect-4.5 P-2CPSect-4.5 P-3CPSect-4.5 P-4CPSect-4.5 P-5CPSect-4.5 P-6CPSect-4.5 P-7CPSect-4.5 P-8CPSect-4.5 P-9CPSect-4.5 P-10CPSect-4.5 P-1SWUSect-4.5 P-2SWUSect-4.5 P-3SWUSect-4.5 P-4SWUSect-4.5 P-5SWUSect-4.5 P-6SWUSect-4.5 P-7SWUSect-4.5 P-8SWUSect-4.5 P-9SWUSect-4.5 P-10SWUSect-4.5 P-1ESect-4.5 P-2ESect-4.5 P-3ESect-4.5 P-4ESect-4.5 P-5ESect-4.5 P-6ESect-4.5 P-7ESect-4.5 P-8ESect-4.5 P-9ESect-4.5 P-10ESect-4.5 P-11ESect-4.5 P-12ESect-4.5 P-13ESect-4.5 P-14ESect-4.5 P-15ESect-4.5 P-16ESect-4.5 P-17ESect-4.5 P-18ESect-4.5 P-19ESect-4.5 P-20ESect-4.5 P-21ESect-4.5 P-22ESect-4.5 P-23ESect-4.5 P-24ESect-4.5 P-25ESect-4.5 P-26ESect-4.5 P-27ESect-4.5 P-28ESect-4.5 P-29ESect-4.5 P-30ESect-4.5 P-31ESect-4.5 P-32ESect-4.5 P-33ESect-4.5 P-34ESect-4.5 P-35ESect-4.5 P-36ESect-4.5 P-37ESect-4.5 P-38ESect-4.5 P-39ESect-4.5 P-40ESect-4.5 P-41ESect-4.5 P-42ESect-4.5 P-43ESect-4.5 P-44ESect-4.5 P-45ESect-4.5 P-46ESect-4.5 P-47ESect-4.5 P-48ESect-4.5 P-49ESect-4.5 P-50ESect-4.5 P-51ESect-4.5 P-52ESect-4.5 P-53ESect-4.5 P-54ESect-4.5 P-55ESect-4.5 P-56ESect-4.5 P-57ESect-4.5 P-58ESect-4.5 P-59ESect-4.5 P-60ESect-4.5 P-61ESect-4.5 P-62ESect-4.5 P-63ESect-4.5 P-64ESect-4.5 P-65ESect-4.5 P-66ESect-4.5 P-67ESect-4.5 P-68ESect-4.5 P-69ESect-4.5 P-70ESect-4.5 P-71ESect-4.5 P-72ESect-4.5 P-73ESect-4.5 P-74ESect-4.5 P-75ESect-4.5 P-76ESect-4.5 P-77ESect-4.5 P-78ESect-4.5 P-79ESect-4.5 P-80ESect-4.5 P-81ESect-4.5 P-82ESect-4.5 P-83ESect-4.6 P-1CPSect-4.6 P-2CPSect-4.6 P-3CPSect-4.6 P-4CPSect-4.6 P-1SWUSect-4.6 P-2SWUSect-4.6 P-3SWUSect-4.6 P-4SWUSect-4.6 P-5SWUSect-4.6 P-6SWUSect-4.6 P-7SWUSect-4.6 P-8SWUSect-4.6 P-9SWUSect-4.6 P-10SWUSect-4.6 P-11SWUSect-4.6 P-12SWUSect-4.6 P-1ESect-4.6 P-2ESect-4.6 P-3ESect-4.6 P-4ESect-4.6 P-5ESect-4.6 P-6ESect-4.6 P-7ESect-4.6 P-8ESect-4.6 P-9ESect-4.6 P-10ESect-4.6 P-11ESect-4.6 P-12ESect-4.6 P-13ESect-4.6 P-14ESect-4.6 P-15ESect-4.6 P-16ESect-4.6 P-17ESect-4.6 P-18ESect-4.6 P-19ESect-4.6 P-20ESect-4.6 P-21ESect-4.6 P-22ESect-4.6 P-23ESect-4.6 P-24ESect-4.6 P-25ESect-4.6 P-26ESect-4.6 P-27ESect-4.6 P-28ESect-4.6 P-29ESect-4.6 P-30ESect-4.6 P-31ESect-4.6 P-32ESect-4.6 P-33ESect-4.6 P-34ESect-4.6 P-35ESect-4.6 P-36ESect-4.6 P-37ESect-4.6 P-38ESect-4.6 P-39ESect-4.6 P-40ESect-4.6 P-41ESect-4.6 P-42ESect-4.6 P-43ESect-4.6 P-44ESect-4.6 P-45ESect-4.6 P-46ECh-4 P-1RECh-4 P-2RECh-4 P-3RECh-4 P-4RECh-4 P-5RECh-4 P-6RECh-4 P-7RECh-4 P-8RECh-4 P-9RECh-4 P-10RECh-4 P-11RECh-4 P-12RECh-4 P-13RECh-4 P-14RECh-4 P-15RECh-4 P-16RECh-4 P-17RECh-4 P-18RECh-4 P-19RECh-4 P-20RECh-4 P-21RECh-4 P-22RECh-4 P-23RECh-4 P-24RECh-4 P-25RECh-4 P-26RECh-4 P-27RECh-4 P-28RECh-4 P-29RECh-4 P-30RECh-4 P-31RECh-4 P-32RECh-4 P-33RECh-4 P-34RECh-4 P-35RECh-4 P-36RECh-4 P-37RECh-4 P-38RECh-4 P-39RECh-4 P-40RECh-4 P-41RECh-4 P-42RECh-4 P-43RECh-4 P-44RECh-4 P-45RECh-4 P-46RECh-4 P-47RECh-4 P-48RECh-4 P-49RECh-4 P-50RECh-4 P-51RECh-4 P-52RECh-4 P-53RECh-4 P-54RECh-4 P-55RECh-4 P-56RECh-4 P-57RECh-4 P-58RECh-4 P-59RECh-4 P-60RECh-4 P-61RECh-4 P-62RECh-4 P-63RECh-4 P-64RECh-4 P-65RECh-4 P-66RECh-4 P-67RECh-4 P-68RECh-4 P-69RECh-4 P-70RECh-4 P-71RECh-4 P-72RECh-4 P-73RECh-4 P-74RECh-4 P-75RECh-4 P-76RECh-4 P-77RECh-4 P-78RECh-4 P-79RECh-4 P-80RECh-4 P-81RECh-4 P-82RECh-4 P-83RECh-4 P-84RECh-4 P-85RECh-4 P-86RECh-4 P-87RECh-4 P-88RECh-4 P-89RECh-4 P-90RECh-4 P-91RECh-4 P-92RECh-4 P-93RECh-4 P-94RECh-4 P-95RECh-4 P-96RECh-4 P-97RECh-4 P-98RECh-4 P-99RECh-4 P-100RECh-4 P-101RECh-4 P-102RECh-4 P-103RECh-4 P-104RECh-4 P-105RECh-4 P-106RECh-4 P-107RECh-4 P-108RECh-4 P-109RECh-4 P-110RECh-4 P-111RECh-4 P-112RECh-4 P-113RECh-4 P-114RECh-4 P-115RECh-4 P-116RECh-4 P-117RECh-4 P-118RECh-4 P-119RECh-4 P-120RECh-4 P-121RECh-4 P-122RECh-4 P-123RECh-4 P-124RECh-4 P-125RECh-4 P-126RECh-4 P-127RECh-4 P-128RECh-4 P-129RECh-4 P-130RECh-4 P-131RECh-4 P-132RECh-4 P-1TYSCh-4 P-2TYSCh-4 P-3TYSCh-4 P-4TYSCh-4 P-5TYSCh-4 P-6TYSCh-4 P-7TYSCh-4 P-8TYSCh-4 P-9TYSCh-4 P-10TYSCh-4 P-11TYSCh-4 P-12TYSCh-4 P-13TYSCh-4 P-14TYSCh-4 P-15TYSCh-4 P-16TYSCh-4 P-17TYSCh-4 P-18TYSCh-4 P-19TYSCh-4 P-20TYSCh-4 P-21TYSCh-4 P-22TYSCh-4 P-23TYSCh-4 P-24TYSCh-4 P-25TYSCh-4 P-26TYSCh-4 P-27TYSCh-4 P-28TYSCh-4 P-29TYS

Additional Math Solutions

Find more solutions based on key concepts

Show solutions add

Evaluate the integral. 12(4x33x2+2x)dx

Single Variable Calculus: Early Transcendentals, Volume I

Draw a polygon for the distribution of scores shown in the following table. X f 6 2 5 5 4 3 3 2 2 1

Essentials of Statistics for The Behavioral Sciences (MindTap Course List)

In Exercises 5762, sketch the straight line defined by the given linear equation by finding the x- and y-interc...

Applied Calculus for the Managerial, Life, and Social Sciences: A Brief Approach

In Problems 33 – 38, solve each inequality. 33.

Mathematical Applications for the Management, Life, and Social Sciences

A right triangle has one leg with constant length 8 cm. The length of the other leg is decreasing at 3 cm/sec. ...

Study Guide for Stewart's Single Variable Calculus: Early Transcendentals, 8th

The unit vector in the direction of is:

Study Guide for Stewart's Multivariable Calculus, 8th