An investment of $10,000 earns interest at an annual rate of 6.7% compounded continuously. Find the instantaneous rate of change in the amount in the account after 1 years (in dollars per year). Round to the nearest cent. $ ______per year. Then, find the instantaneous rate of change in the amount in the account at the time the amount is equal to $13,441. Round to the nearest cent. $ _____per year.
An investment of $10,000 earns interest at an annual rate of 6.7% compounded continuously. Find the instantaneous rate of change in the amount in the account after 1 years (in dollars per year). Round to the nearest cent. $ ______per year. Then, find the instantaneous rate of change in the amount in the account at the time the amount is equal to $13,441. Round to the nearest cent. $ _____per year.
Chapter6: Exponential And Logarithmic Functions
Section6.1: Exponential Functions
Problem 68SE: An investment account with an annual interest rateof 7 was opened with an initial deposit of 4,000...
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An investment of $10,000 earns interest at an annual rate of 6.7% compounded continuously.
Find the instantaneous rate of change in the amount in the account after 1 years (in dollars per year). Round to the nearest cent.
$ ______per year.
Then, find the instantaneous rate of change in the amount in the account at the time the amount is equal to $13,441. Round to the nearest cent.
$ _____per year.
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