Sue opens a bank account with $1 and an interest rate of 3%

Last updated: 7/5/2022

Sue opens a bank account with $1 and an interest rate of 3% per year, compounded continuously. The amount of money in the account can be described by A = le^=(1.03) Assuming interest is being paid continuously, what is the instantaneous rate of change of the account at t = 10 years? The instantaneous rate of change of the account at t = 10 years is $3 per year. The instantaneous rate of change of the account at t= 10 years is $30,624 per year. The instantaneous rate of change of the account at t= 10 years is $20 per year. The instantaneous rate of change of the account at t = 10 years is $306 per year.