Question:

Suppose that $10,873 is invested at an interest rate of 5.9%

Last updated: 8/11/2022

Suppose that $10,873 is invested at an interest rate of 5.9%

Suppose that $10,873 is invested at an interest rate of 5.9% per year, compounded continuously a) Find the exponential function that describes the amount in the account after time t, in years b) What is the balance after 1 year? 2 years? 5 years? 10 years? c) What is the doubling time?