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Chapter 7, Problem 38RE
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### Calculus: An Applied Approach (Min...

10th Edition
Ron Larson
ISBN: 9781305860919

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### Calculus: An Applied Approach (Min...

10th Edition
Ron Larson
ISBN: 9781305860919
Textbook Problem
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# Investment A principal of $2000 is deposited in a savings account that earns an interest rate of r (in decimal form), compounded continuously. The amount A ( r , t ) after t years is A ( r , t ) = 2000 e r t Use this function of two variables and a spreadsheet to complete the table. Number of Years Rate 5 10 15 20 0.02 0.04 0.06 0.07 To determine To fill: The provided table by using functions of two variables and spreadsheet,  Number of years Rate 5 10 15 20 0.02 0.04 0.06 0.07 Where the amount A(r,t) after t years is given by the function, A(r,t)=2000ert and a principal of$2000 is deposited in a saving account that earns an interest rate of r in decimal form compounded continuously.

Explanation

Given Information:

The amount A(r,t) after t years is given by the function,

A(r,t)=2000ert

And a principal of $2000 is deposited in a saving account that earns an interest rate of r in decimal form compounded continuously. The provided incomplete table is,  Number of years Rate 5 10 15 20 0.02 0.04 0.06 0.07 Consider the function, A(r,t)=2000ert Now use the MS-excel to complete the table by following the procedure provided as, Step 1: Open the blank file in MS-excel and fill the cells from the second row and first column and then the second, third and fourth column as, Step 2: Now put the cursor on the second column and second row of B and then enter the function as, fx=2000*EXP($B\$1*A2)

And then press enter to obtain the value and press drag the cursor downward to obtain the other values

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